Install the Sina Finance client to receive the most comprehensive market information the first time →[download link]
Original Title: Report: The epidemic caused the Asian economy to decline for the first time in 60 years, and 80 million people were trapped in extreme poverty
Due to the spread of the new crown epidemic, the overall economy in Asia has regressed, and 80 million people who were originally hovering at the poverty line have fallen into extreme poverty, and the social and economic faults in various countries have expanded. In this regard, the Asian Development Bank calls for an inclusive recovery and revives the economy through a people-centric approach.
According to a report by the Nikkei Asian Review on August 24, the Asian Development Bank (ADB) said in a report released that day that the spread of the new crown pneumonia epidemic has pushed another 75 to 80 million people in emerging Asian economies to extremes. Poverty.
According to reports, extreme poverty means that a person’s daily living expenses are below US$1.90. The estimated data on the large number of new extremely poor people in Asia means that the level of development in the region is regressing. This data covers 35 economies, such as Bangladesh, India, Papua New Guinea and other countries.
Sawada, chief economist of the Asian Development Bank, said: “Although the economic development results of the Asia-Pacific region have been impressive, the new crown epidemic has exposed the social and economic faults in the region. Such faults are very likely to affect sustainability. Development and inclusive development.”
Last year, in response to the COVID-19 pandemic, many Asian countries adopted measures such as closing cities and controlling population movements to curb the spread of the virus. This led to a severe contraction in the gross domestic product (GDP) of some countries, such as the Philippines, which hit a record of -9.6%. The historical economic contraction, India’s economy also shrank by more than 7%. On the whole, the economies of developing Asian countries shrank by 0.1% last year. This is the first overall economic recession in the region in nearly 60 years.
According to the report, due to restrictions on population movement, the Asia-Pacific region has reduced working hours by 8% as a whole, which has severely hit poor families and people engaged in informal economic activities. The new crown epidemic has exacerbated long-standing social and economic inequality, and millions of people who originally lived below or close to the poverty line are the biggest victims.
The Asian Development Bank expects that the economic situation in Asia will rebound this year, with an overall growth rate of 7.2%. However, due to the re-spread of the delta mutant strain, the epidemic situation in India and Southeast Asia is severe, and many governments have implemented new blockade measures.
The President of the Asian Development Bank called for an inclusive recovery strategy. He said in the report: “In the long run, the epidemic will affect economic development and productivity. We need to achieve recovery through a people-centered development approach to ensure that Let no one be left behind.”
Massive information, accurate interpretation, all in Sina Finance APP
Editor in charge: Wang Ting
.