Dhaka Tribune reported on the predicted dire straits of the poor in Bangladesh as the nation comes out of the COVID-19 outbreak. The current poverty reduction rate in Bangladesh stands at 1.2%. It has been continuously decreasing since FY2000-01, when the rate was 1.8%. This trend of declining poverty reduction rate will be aggravated due to the Covid-19 shutdown. According to estimates of IFPRI (see How much will global poverty increase because of COVID-19), if an economy slows down by 1%, it will increase the number of poor people -- the number of food-insecure people -- by 2%.
