Study warns of poverty surge to over 1 billion due to virus

LONDON (AP) — Global poverty is set to rise above 1 billion people once again as a result of the coronavirus pandemic, which is reducing the income of the world's poorest by million a day, according to new research published Friday. In a worst case scenario, the number of people in extreme poverty - defined as earning under .90 a day - is forecast to rise from about 700 million to 1.1 billion, according to the report, which was published by the United NationsUniversity World Institute for Development Economics Research. But hopes are low after the Group of Seven meeting of world leaders, which was due to take place June 10-12 at President Donald Trump's retreat at Camp David, was postponed. Trump now aims to host an expanded meeting in September, also including leaders from Russia, Australia, South Korea and India.How much development issues will be addressed at that summit remains an open question.