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Home » World » Covid-19 has created ‘new poor’ in East Asia and Pacific, says World Bank report – world news Covid-19 has created ‘new poor’ in East Asia and Pacific, says World Bank report – world news The Covid-19 shock is creating a class of ‘new poor’ across East Asia and the Pacific with 38 million more people expected to be living in poverty in 2020. That’s according to a new report from the World Bank titled ‘From Containment to Recovery’ that assesses the economic scarring caused by Covid-19 and prospects for recovery. A triple shock of the pandemic,...
