PANEL
The global economy has been wounded by the impact of Covid-19, military conflict in Ukraine, and severe constraints on the future of food, energy, and finance. Inflationary and access pressures on food and oil supplies are adding to an already precarious economic environment, making the lives and livelihoods of people globally increasingly fragile. Estimates state that this risks tipping up to 1.7 billion people – over one-fifth of humanity – into poverty, destitution, and hunger. Alarmingly, the fight against poverty and inequality could be set back by an entire generation. It’s clear that drastic action is needed to prevent the world’s most vulnerable from becoming collateral damage.
