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11 million people to be poor in the whole world due to China's mistake

Tuesday - March 31, 2020 2:36 pm , Category : WTN SPECIAL
Coronavirus infection spread across the world due to China's negligence
Coronavirus infection spread across the world due to China's negligence

Now, Coronavirus to shock China; Economic growth rate estimated to be only 2.3 percent

 

MARCH 31 (WTN) - The world is suffering due to the fault, negligence, and intrigue of the leftist government of China today. The Coronavirus infection, spread from Wuhan city of China, has spread to more than 190 countries. At the time of writing this article, 37,820 people have died due to Coronavirus infection. So far, 11,591 people have died due to Coronavirus infection in developed country Italy. At the same time, the number of patients infected with the Coronavirus has increased to 1,64,253 in America, the world's largest economic powerhouse.

 

Naturally, due to Coronavirus infection, the economies of countries all over the world have suffered a major setback. In such a situation, the World Bank has told in its latest report that due to the global epidemic Coronavirus, the pace of economic growth is going to be very slow this year in China and many countries of East Asia and Pacific region. And when this happens, about 1.1 crore people of this region will become poor. According to the World Bank, the rate of economic growth in East Asia can be only 2.1 percent this year, which was 5.8 percent in the year 2019.

 

For your information, let us know you that this estimate of the World Bank is contrary to the earlier estimate, which said that the economic growth rate would be sufficient this year, and about 35 million people would rise above the poverty line. It is clear that the GDP growth rate is being adversely affected by the ban on economic activity. As far as the outside is concerned, for your information, let us know that there is a 21-day lockdown in India to prevent Coronavirus infection. And it is estimated that due to the lockdown, the Government of India may suffer a loss of about 9 lakh crores.

 

Talk about China, so China is going to suffer a huge economic loss due to Coronavirus infection crisis. According to the report of the World Bank, Coronavirus infection has affected the economic output in China for nearly 2 months. In such a situation, China's growth rate is also very low compared to last year. For your information, let us know that according to the report of World Bank, China's growth rate will be reduced from 6.1 percent to only 2.3 percent this year.

 

According to the report, Coronavirus infection is a worldwide crisis, but poverty will increase rapidly in many countries of East Asia including China due to this. 11 million people in East Asia are feared to be poor due to the Coronavirus crisis. Not only this, but due to the situation of lockdown in many countries of the world, the economic growth rate of those countries will also be negatively affected. Here, the Central Bank of India, i.e. the Reserve Bank of India, estimates that India's economic growth rate may only be around 2.5 percent in the coming financial year 2020-21. It is clear that the fault, negligence, and intrigue of the leftist government of China itself is suffering the people of China and the whole world.