COVID-19 is likely to push between 88 and 115 million people into extreme poverty

  • COVID-19 is likely to push between 88 and 115 million people into extreme poverty, according to the Poverty and Shared Prosperity Report 2020.
  • South Asia is expected to account for 63% of the new poor, living below $1.90 a day.

The World Bank in their latest report found that “Through 2017, the last year for which global data are available, extreme poverty reduction slowed compared with previous decades. This deceleration alone would have made it hard to reach the 2030 target of 3 percent global poverty. Now, the COVID-19 (coronavirus) pandemic has reversed the gains in global poverty for the first time in a generation. By most estimates, this reversal of fortune is expected to push between 88 million and 115 million more people into extreme poverty in 2020. But COVID-19 is not the only reversal that threatens the poverty goals: Confronting conflict and climate change will also be critical to putting poverty eradication back on track.”

Read the full report on the World Bank findings at

Poverty and Shared Prosperity 2020 (worldbank.org)

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