“This revision is expected to lead to a 2.6 per cent reduction in per capita income in LDCs in 2020, with 43 out of 47 LDCs experiencing a fall in their average income levels.
The pandemic is also expected to have a dramatic negative impact on global poverty and food insecurity.
“This is equivalent to a rise of over 32 million people living in extreme poverty in the LDCs, and is expected to have the deepest impact on African and island LDCs,” the report said.
At the same time, the UNCTAD notes that LDCs were able to cope with the health aspects of the pandemic better than initially predicted due to such specific factors as previous experience with epidemics, measures adopted to counter the pandemic, favorable demographics and low population density. (Sputnik/NAN)