Conducted by King's College London and the Australian National University, the research gauged the short-term impact of containing the coronavirus on global monetary poverty based on the World Bank poverty lines of $1.90, $3.20 and $5.50 a day.

As Statista's Niall McCarthy details below, global poverty levels would increase under all three scenarios for the first time since 1990 according to the analysis with up to a decade of progress lost globally.

The impact is set to be even worse in some hard-hit parts of the world such as North Africa, Sub-Saharan Africa and the Middle East where up to 30 years of progress could be wiped out.

The most serious scenario involves a 20 percent fall in income which would result in an additional 548 million people earning less than the World Bank poverty threshold of $5.50 per day. The United Nations has warned that $2.5 trillion is needed to support developing countries during the crisis and that nearly half of all Africa's jobs could be lost.