Pandemic to trigger rise in world’s poor

For more than two decades extreme poverty has been declining, but now the economic fallout of Covid-19 will create millions of new poor
 

Covid-19 and associated economic crisis, compounded by effects of armed conflicts and climate change, are reversing poverty reduction

GLOBAL POVERTY RATE (%, at $1.90 per day poverty line) 

Forecast
Covid-19 forecast 8.9
Pre-Covid-19 forecast 7.5
 
Poverty rate has been falling continuously since 1998

40
35
30
25
20
15
10
5
0
1990 95 2000 05 10 15 20


Source: Poverty and Shared Prosperity 2020 (World Bank) 
Picture: Getty Images 
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