The biggest sufferers of this global pandemic are poor people who are elderly. The second biggest sufferers are poor people who are young. The gains made in poverty alleviation in the last few years will be reversed. Income inequality will increase in a few places and might fall in a few other areas, and it's not an important topic to discuss compared to poverty alleviation.
The poor and middle-class people will take calculated risks towards work, and many of them will pay the price by getting themselves infected with the virus. Almost all Governments (except rich countries and the US, which has US Dollar, the world reserve currency) have minimal room to address the dire needs of the majority of the citizens. The information about the virus that we know is limited, and we can safely say that the economic recovery will take at least a year.
The poor and middle-class people will take calculated risks towards work, and many of them will pay the price by getting themselves infected with the virus. Almost all Governments (except rich countries and the US, which has US Dollar, the world reserve currency) have minimal room to address the dire needs of the majority of the citizens. The information about the virus that we know is limited, and we can safely say that the economic recovery will take at least a year.
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