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Impact of Covid-19 on world poverty

Abstract:

The covid-19 pandemic has become the largest public health event known to current generations, and whose effects have transcended the social and economic sectors, leading 100 (88-115) million people to conditions of poverty, and deepening the impact on the population already considered vulnerable, reversing previous advances in economic progress of the current century. A large part of these repercussions are related to the important transformation in the customs and interactions of society as a result of this health crisis, which in turn modified the economic dynamics on a small and large scale. The impact of this disease has reached the employment, income and stability of workers, forging a deterioration of human capital and productive capacities, especially disadvantaging women, who will be poorer than men by 2030. Under these conditions, the goal of reducing the global absolute poverty rate below 3% by 2030, adopted by the Nations at the signing of the Sustainable Development Goals (UNDP, 2021), will become unattainable without swift political action, significant and substantial.