Global poverty reduction: Extreme poverty set to rise for first time since 1998


Published on Oct 11, 2020

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Extreme poverty is set to climb for the first time in more than two decades, as the COVID-19 pandemic pushes millions of people to the brink. A recent World Bank report shows that by the end of 2020, more than nine percent of the world will be living on less than $1.90 per day. Before the pandemic, that figure was expected to drop to 7.9 percent. So what’s going on? Can this rise be reversed as quickly as it happened?

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