• Recession-hit rich countries suffer ‘great leap backwards’ in child poverty


    UNITED NATIONS, United States: Some 2.6 million children have sunk below the poverty line in the world’s most affluent countries since 2008, negatively impacted by the wave of recessions that rippled through their economies following the meltdown of blue chip financial intuitions, according to a new United Nations Children’s Fund (Unicef) report issued on Tuesday (Wednesday in Manila). “Many affluent countries have suffered a great leap backwards in terms of household income, and the impact on children will have long-lasting repercussions for them and their communities,” said Jeffrey O’Malley, Unicef’s Head of Global Policy and Strategy in a statement.



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