No Result
View All Result
Thursday, July 3, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    Image: Facebook

    Adult film star Kylie Page dies of suspected drug overdose

    Mike (Liam Neeson) travels to Nepal to scatter his late brother's ashes on Mt. Everest. When Mike and his mountain guide encounter mercenaries on a tour bus, they are forced to fight to save themselves, the passengers, and the local villagers' homeland. (Courtesy of Vertical)

    Netflix or Amazon Prime: Where will Liam Nesson’s ‘Ice Road: Vengeance’ stream?

    (File Photo)

    Actress Memoona Qudoos speaks out against sexual harassment in showbiz industry

    File photo

    Shefali Jariwala’s sudden death sparks Bollywood debate on anti-aging treatments

    (File Photo)

    India lifts ban on Pakistani YouTube entertainment channels

    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    Image: Facebook

    Adult film star Kylie Page dies of suspected drug overdose

    Mike (Liam Neeson) travels to Nepal to scatter his late brother's ashes on Mt. Everest. When Mike and his mountain guide encounter mercenaries on a tour bus, they are forced to fight to save themselves, the passengers, and the local villagers' homeland. (Courtesy of Vertical)

    Netflix or Amazon Prime: Where will Liam Nesson’s ‘Ice Road: Vengeance’ stream?

    (File Photo)

    Actress Memoona Qudoos speaks out against sexual harassment in showbiz industry

    File photo

    Shefali Jariwala’s sudden death sparks Bollywood debate on anti-aging treatments

    (File Photo)

    India lifts ban on Pakistani YouTube entertainment channels

    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Opinion & Editorial Editorial

Economic desparity and poverty

Editorial by Editorial
April 28, 2020
The COVID-19 pandemic is taking its toll on the world, causing deaths, illness and economic despair. It has not been ascertained how the deadly virus is impacting world economies. This requires assumptions on how to forecast growth and its impact which is challenging and comes with a lot of uncertainty.
The World Bank estimates that economic activity and spending will resume after the pandemic subsides, while developing countries could be the worst affected in case expenditures re not increased. In the recent World Economic Outlook, the financial institution forecasts that the global output is projected to contract by 3 percent in 2020.
The forecasts reveal that COVID-19 pandemic is likely to cause the first increase in global poverty since 1998 when the Asian financial crisis struck. With the new forecasts, global poverty – the share of the people living on less than $1.90 per day – is projected to increase from 8.2 percent in 2019 to 8.6 percent in 2020. This suggests that COVID-19 will push 49 million people into extreme poverty in 2020.
The ICRC which serves in conflict zones has stated that COVID-19 has overwhelmed health systems and victims of conflict still need assistance. The head of the Red Cross has expressed fear that unless urgent action is taken to curb the spread of the virus, it will devastate some of the world’s most vulnerable communities. We need to urgently move forward or else it will be impossible to fight the virus in war-torn conflict-ridden countries or those with weaker health systems.
The situation is worsening even in Pakistan as the number of coronavirus cases keeps rising gradually. The political squabbles over a lockdown continue as the government faces the tough decision to either resume economic activities or safe lives.
The situation could worsen as safety measures and social distancing is still not being strict enforced. The government needs to increase the testing capability particularly in tightly packed slum areas in which people live together closely. For now, economic activities remain suspended as traders, businessmen and situation could even worsen.
Tags: \economydesparityglobalpoverty
ShareTweetSendShare
Previous Post

Sindh Governor tests positive for coronavirus

Next Post

India repeats itself

Related Stories

Opinion

Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World

June 29, 2025
Opinion

A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances

June 28, 2025
Opinion

“Run Lola Run” – More than a movie to cultural bridging

June 27, 2025
Opinion

Ceasefire or a Smokescreen? The US-Iran Next Dialogue of Disillusions

June 26, 2025
Opinion

Israel-Iran War and Supply Chain of World Economy

June 25, 2025
Opinion

Unleashed Modern-day Holocaust and the Global Collapse

June 23, 2025
Opinion

Firestorm in the Middle East: Global Stakes on Exploding Frontlines

June 19, 2025
Opinion

A Celebration of Shared Struggle and Future Aspirations

June 17, 2025
Opinion

A Strategic Leap, Not Just A Flight

June 16, 2025
Opinion

Russia Day 2025

June 15, 2025
Next Post

India repeats itself

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

file photo
Transport

Pakistan Railways increases fares following hike in fuel prices

by MM News Staff
July 3, 2025
Image: Facebook
Film & TV

Adult film star Kylie Page dies of suspected drug overdose

by MM News Staff
July 3, 2025
file photo
Business & Stock

New Suzuki car prices announced after implementation of Budget 2025–26

by MM News Staff
July 3, 2025
file photo
Business & Stock

UAE Dirham to PKR rates today- July 3, 2025

by MM News Staff
July 3, 2025
representative image
Business & Stock

Saudi Riyal to PKR rates today- July 3, 2025

by MM News Staff
July 3, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

File photo
Weather

Heavy rains, flash floods forecast across country during July 6-10

by MM News Staff
July 2, 2025

The Meteorological Department warns of urban flooding, flash floods, and landslides in several regions...

Heatwave. File photo

Europe heatwave claims four lives each in Spain, France

July 2, 2025
File photo

Pakistan flash floods, heavy showers kill 64 in a week

July 2, 2025
(File Photo)

Weather forecast for Karachi today

June 30, 2025
See all

Prices

file photo
Business & Stock

New Suzuki car prices announced after implementation of Budget 2025–26

by MM News Staff
July 3, 2025

Pak Suzuki Motor Company has announced the new prices of all its car models...

representative image

Latest gold prices in Pakistan today- 3 July 2025

July 3, 2025
Online/File photo

NEPRA approves Rs1.15/unit cut in basic electricity tariff

July 2, 2025
(Image: Pakwheels)

Lucky Motor increases prices of KIA-brand vehicles by up to Rs700,000

July 2, 2025
See all

Transport News

file photo
Transport

Pakistan Railways increases fares following hike in fuel prices

by MM News Staff
July 3, 2025

Pakistan Railways has announced a hike in fares for all express, saloon, and shuttle...

file photo

Islamabad Police issue traffic plan for today’s Muharram procession

July 2, 2025
File photo

BRT Peshawar increases bus fares

July 1, 2025
Dubai's flying taxi completes first test flight. (Image: Khaleej Times/: Neeraj Murali)

Dubai successfully tests first flying taxi flight

July 1, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.