World Bank: COVID-19 drags 115m more people into extreme poverty

World Bank: COVID-19 to push over 100mn people into extreme poverty in 2020

Eight out of 10 ‘new poor’ will be in middle-income countries _________________________________ Global extreme poverty is expected to rise in 2020 for the first time in over 20 years as the disruption of the COVID-19 pandemic compounds the forces of conflict and climate change. Before the incursion of the pandemic, these factors were already slowing poverty reduction progress, the World Bank has said. The COVID-19 pandemic is estimated to push an additional 88 million to 115 million people into extreme poverty this year, with the total rising to as many…

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