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New analysis shows the economic crisis caused by coronavirus could push over half a billion people into poverty unless urgent and dramatic action is taken. Oxfam is calling for an Economic Rescue Plan For All that meets the scale of the crisis, mobilizing at least $2.5 trillion dollars to tackle the pandemic and prevent global economic collapse. Developing countries must act to protect their people, and demand action from rich nations to support them. Rich country governments must massively upscale their helpled by the G20. This could set back the fight against poverty by a decade, and in some cases by as much as 30 years.
