Today is Sunday! so i must get ready and prepare myself before going to Church. But before that i am going to check some updates in our current situations in this pandemic.
BREAKING NEWS!
The severe impact of the COVID-19 pandemic is clearly seen in the numbers: more than 3.1 million deaths and rising, 120 million people pushed into extreme poverty, and a massive global recession. As suffering and poverty have risen, some data show an increase in another extreme: the wealth of billionaires.
Ow! That is a bad news. So many people have been affected by this pandemic. Poverty levels are increasing and inequality is accelerating between and within countries.
Government should work better. Policies have been slow to respond to the challenges of change. With better, more responsive policies, more inclusive economic outcomes are possible.
The first thing to do is to contain the pandemic and address its immediate health and economic consequences that disproportionately hurt the less well-off. Countries have responded in varying degrees by taking preventive measures against the pandemic, shoring up health systems, strengthening safety nets, and implementing policies to cushion the impact on jobs and economic activity. The more successful these actions are in protecting the vulnerable and supporting economic recovery, the less will be the direct impact of the crisis in worsening existing inequalities.
Data from World Bank’s rapid phone surveys launched in April 2020 across all developing regions to monitor the impact of the crisis on households show that, on average, more than one-third of those working before the pandemic stopped working when lockdowns were imposed and more than 60% of households lost some income. Income losses and hunger were more common among households in poorer countries.
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