COVID-19 Pushes 80 Million People In Asia Into Extreme Poverty: Asian Development Bank

Manila: The coronavirus disease (COVID-19) pandemic has pushed an estimated 75 million to 80 million more people in developing Asia into extreme poverty as of last year compared with what would have happened without COVID-19, according to a new report by the Asian Development Bank (ADB) released on Tuesday. The "Key Indicators for Asia and the Pacific 2021" says the pandemic is threatening Asia and the Pacific's progress toward critical targets under the Sustainable Development Goals (SDGs). Assuming that the pandemic has increased inequality, the relative rise in extreme poverty — defined as living on less than 1.90 dollars a…