A study says the pandemic could push 8% of the world's population into
poverty, prompting calls for a huge rescue package for vulnerable
communities.
"Never in the 75 years history of our institution have so many countries
found themselves in need," said IMF head Kristalina Georgieva,
Note EU-Digest: After the coronavirus has gone we can only sincerely hope the world will not return to the "status quo", where all the wealth is controlled by 2% of the population and big business. It should be a unique moment for major Social and Political change. Hopefully this will be a peaceful revolution, but given the "forces at play", it could also turn into a violent confrontation between the present established "order", and a newly "awakened social order". These are "interesting times" as the Chinese would say.
Read more at:
https://www.euronews.com/2020/04/09/coronavirus-half-a-billion-people-could-be-pushed-into-poverty-says-un-study
Note EU-Digest: After the coronavirus has gone we can only sincerely hope the world will not return to the "status quo", where all the wealth is controlled by 2% of the population and big business. It should be a unique moment for major Social and Political change. Hopefully this will be a peaceful revolution, but given the "forces at play", it could also turn into a violent confrontation between the present established "order", and a newly "awakened social order". These are "interesting times" as the Chinese would say.
Read more at:
https://www.euronews.com/2020/04/09/coronavirus-half-a-billion-people-could-be-pushed-into-poverty-says-un-study
