Poverty and shared Prosperity 2020: Reversals of Fortune

#GS2 #SocialIssues #Poverty

Recently, Poverty and Shared Prosperity Report was released by The World Bank. 

According to the report, Global extreme poverty is expected to rise for the first time in 20 years because of the disruption caused by COVID-1


Key takeaways 

  • The report provides the latest and most accurate estimates on trends in global poverty and shared prosperity.
  • For more than two decades, extreme poverty was steadily declining. 
  • Now, for the first time in a generation, the quest to end poverty has suffered its worst setback.
  • The pandemic may push another 88 million to 115 million into extreme poverty or having to live on less than $1.50 per day. 
  • Some 9.1% to 9.4% of the world will be affected by extreme poverty in 2020.


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