Business Maverick: A Quarter-Billion More People Face Extreme Poverty, Oxfam Says

The combined hit may result in a total of 860 million people living below the $1.90 a day line by the end of 2022, or 263 million more than the projection before the pandemic, the group said in a report on Tuesday. That’s equivalent to the entire population of the U.K., France, Germany and Spain combined.

The poorest people will be hit hardest, with food costs accounting for 40% of consumer spending in sub-Saharan Africa, compared with 17% in advanced economies, Oxfam said, citing an IMF report.Oxfam warned that the return of inflation is a recipe for financial turmoil in lower-income countries that need dollars for their energy, medicine and food imports, and whose debt is largely in the U.S. currency.

“We reject any notion that governments do not have the money or means to lift all people out of poverty and hunger and ensure their health and welfare,” said Oxfam International Executive Director Gabriela Bucher. “We only see the absence of economic imagination and political will to actually do so.”

Behind every successful person there's always a helper Oliviatrading2 is the person behind my success story she helped me earn R400,000. thanks for restoring my hope once again Oliviatrading2

I won't be sharing this good news on how am getting paid from Oliviatrading2 platform if I didn't see others testifying I was doubting but now that am experiencing how great her platform work.I also recommend you to Oliviatrading2 bitcoin mining for safe and secured investment

I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Oliviatrading2 on Twitter She guides me through and i made a return of R155,00 after a week of trading, connect with her

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Fortnite Maker Epic Gets $2 Billion From Sony, Lego OwnerSony Group Corp. and the owner of the Lego Group invested $2 billion in Epic Games Inc., the maker of Fortnite.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK: Cartoon Tuesday with RicoDefend Truth As long as Oscar Mabuyane is roaming around free from indictments because they belong to the correct faction, people will always coalesce around those charged, as they Will be seen as victims of political mechination. Every criminal must be charged irregadeless of the faction Another racist cartoon, congrats
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Palladium Extends Gains After Suspension of Two Russian RefinersPalladium extended gains after the suspension of two state-owned Russian refiners by the London market and the CME Group added to concerns about potential supply disruptions from the key producing country. is south africa gona develop a car ?
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Inflation Outlook Rises to Fresh Record in New York Fed SurveyU.S. consumers’ outlook for inflation climbed to a new high last month as price expectations for food and rent soared.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Hong Kong Criticised Over Reporter’s Arrest for SeditionThe US has criticised Hong Kong over the arrest of a journalist on sedition charges, ramping up tensions over a Beijing-led crackdown on dissent in the former British colony.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Zhenro Default Gives Investors Reality Check: Evergrande UpdateZhenro Properties Group Ltd defaulted for the first time in a reality check for investors after a three-week rally in Chinese builder stocks and bonds.
Source: dailymaverick - 🏆 3. / 84 Read more »