Economia published an article on ways in which the coronavirus is not a disease of equality. Be it race or income, some groups fare better than others during this pandemic. An IFPRI study shows that with the 1% drop in world activity – more optimistic than recent projections of a 3% decline in the global economy – the number of people living in extreme poverty could grow up to 3% (see blogpost, As COVID-19 spreads, no major concern for global food security yet. The survey also points out that, in absolute terms, the biggest impact would be on Sub-Saharan Africa, which would concentrate almost half of the world’s extreme poverty.
IMF and World Bank data project increasing inequality between countries (Economia)
May 13, 2020