Professional Documents
Culture Documents
The Risk of Poverty
The Risk of Poverty
A Global Issue
Poverty is not inevitable. Poverty is the worst scourge ever created by human beings; it is
up to human beings to end it. – Joseph Wresinski.
“Globally, the increase in poverty that occurred in 2020 due to Corona Virus Disease still
linger, and the covid induced poor in 2021 continues to be 97 million people” according to the
Global Economic Prospect, Lakner 2020. Aforethought, it brings a severe impact in economic.
Many people losses their job, massive falling investment in parallel with economic trade, and
any related economic activity in producing, distributing, or consuming products or services to the
constituents in a particular country.
Philippine economy has been affected of the said pandemic and brought a serious
negative consequence based on what we can perceived. Since March 2020, our community has
been placed under quarantine for a period of time and this brings immobility in views of family
incomes, jobs, education, food security, and businesses. This was the extreme decreased in
Philippine economy after world war 2. Our country’s debt has been increased 9.7 trillion in 2020
risen to 10.3 trillion based on a television report to withhold the commercial liabilities to the
Filipino citizens. And this might take a longer path to recover and rise than the other country on
the grounds that almost everything is in the short supply.