WORST RECESS OF 2008: The World Bank on the fallout from the Crown – POWER UP!

This will lead to an increase in poverty, according to an updated economic report from the World Bank.

Economic activity is expected to recover in 2021, but the pace of recovery depends on the duration of the coronavirus pandemic, the availability of vaccines, and improving global trade and investment. The World Bank estimates that, with a poverty line of $ 3.2 per day, 2.2 million additional people in the region could fall into poverty, and with a poverty line of $ 5.5 per day, that it is commonly used as a definition. for upper-middle-income countries, up to six million!

– The corona pandemic and accompanying measures to combat its effects have a strong impact on the Serbian economy, which is expected to enter recession with a projected fall in GDP of three percent in 2020. Recovery, to a slow pace, it will start in 2021. Serbia should work harder to remove obstacles to private sector growth that result from weak governance and bureaucracy, according to the report.

The pandemic is said to have had a negative impact on education and health. The virus has already killed thousands of people and many will have long-term health consequences. Additionally, school closings can cause learning losses equal to one-third of a full school year.

– It is especially important to reduce the health risks of obesity, smoking and excessive alcohol consumption, which can jeopardize active and productive aging, while higher education institutions must prepare students for the challenges of current labor market – says the World Bank.

Across the region, more than 18 percent of the population is obese, almost 23 percent regularly binge drink and almost 26 percent are smokers. All of this increases the risk of cardiovascular disease, mortality and the risk of kovida-19.

In particular, it insists on improving the higher education system in the Western Balkans and Eastern Europe. the report notes that men should catch up in primary and higher education. However, the presence of women in science, technology, engineering and mathematics is significantly lower than the presence of men. Due to health habits, the mortality rate is higher in men than in women throughout the region.