COVID-19 could push over 1 billion into extreme poverty by 2030, says UN study

The study assesses the impact of different COVID-19 recovery scenarios on the Sustainable Development Goals, evaluating the multidimensional effects of the pandemic over the next decade United Nations: An additional 207 million people could be pushed into extreme poverty by 2030 due to the severe long-term impact of the coronavirus pandemic, bringing the total number of the world’s extremely poor to more than a billion, a new study from the UN Development Programme has found. “Severe long-term effects of the COVID-19 pandemic could push an additional 207 million people into extreme poverty on top of the current pandemic trajectory, bringing the total to over 1 billion by 2030,” noted the study. Under a ‘High Damage’ scenario, where the recovery is protracted, COVID-19 is likely to push an additional 207 million people into extreme poverty by 2030, and increase the female poverty headcount by an additional 102 million compared to that baseline, says the report. “This ambitious, yet feasible SDG Push’ scenario would lift an additional 146 million people out of extreme poverty, narrow the gender poverty gap, and reduce the female poverty headcount by 74 million, even taking into account the current impacts of the COVID-19 pandemic,” UNDP said.