The new Sustainable #Development Report (SDR) is out.

Estimate: 71 million pushed back into extreme poverty this year while there was no net increase in poverty during the Great Financial Crisis.
1.57 billion children at least partly out of school. 1/N https://www.un.org/sustainabledevelopment/progress-report/

The report includes nice graphs that summarize core findings. These illustrate some of the grueling forecasts.

Among these is a projected 20% fall in remittances as up to 400 million people might lose their jobs in Q2 2020 alone.
2/N

The region of particular concern is the poorer parts of Africa. Regarding the likely COVID-19 impact on these countries, @KacanaSipangule, Rainer Thiele and I wrote a short piece in early May on the likely short- and long-term effects.
3/N https://www.ifw-kiel.de/publications/kieler-beitraege-zur-wirtschaftspolitik/the-world-economy-after-the-coronavirus-shock-restarting-globalization-14639/emerging-from-covid-19-scenarios-for-africa-14651/

On the macro level, we discuss which countries in Africa are likely to be hit worst (hint: it depends on the structure of the economy, dependence on remittances, tourism as well as trade/FDI, and fiscal situation). See also the infographic from the SDR below. 4/N

At the micro level, we highlight that it is in particular poor urban households who will suffer in developing countries they lose their livelihoods and may see food prices rise. These people often also do not have access to proper social security nets. 5/N

Policy conclusions? Too many for this thread, so read our piece and the SDR.
An important take-away though: Rich countries should not only help themselves. The deeper the crisis in developing countries, the more difficult and expensive it will be to help them recover later. 6/6