Economic Impact of COVID-19
COVID-19 has led to a dramatic loss of human life worldwide and presents an unprecedented challenge to public health, food systems and the world of work. It has had a devastating effect on our social economy, public health & monetary system. Millions of people are at risk of falling into extreme poverty, while the number of undernourished people, currently estimated at nearly 690 million, could increase by 132 million or more by the end of the year.
Half of the world’s 3.3 billion global workforce are at risk of losing their livelihoods. Workforce caregivers facing biggest challenge of survival & informal economy workers are particularly vulnerable because they lack social protection, access to quality health care and have lost access to productive assets. They are lacking proper nutrition, secure jobs & cannot access health care faculties.