![coronavirus]()
The global economic crisis that’s erupted in the wake of massive shutdowns could push a half-billion people into poverty — most of whom are already struggling to live day to day. The dire warning was issued by Oxfam, a conglomerate of 19 organizations working to end global poverty.
The COVID-19 crisis is so great that massive cash grants and bailouts for debt relief in the form of at least $2.5 trillion to developing nations, along with special taxes on wealth, profits and certain financial products, are necessary, Oxfam said.
Source: The New York Times April 9, 2020