Updated Estimates of the Impact of COVID-19 on Global Poverty: Looking back at 2020 and the Outlook for 2021

Reducing poverty and improving equity
Jan 19, 2021 | World Bank, Christoph Lakner, Nishant Yonzan et al

The COVID-19 crisis is unprecedented in modern history. In this World Bank data blog, Christoph Lakner, Nishant Yonzan et al note that while there has been progress in vaccine development, it seems unlikely that the increase in poverty in 2020 will be reversed in 2021. Using the growth forecast from April 2020 under the $1.90-a-day poverty line, the authors estimated that 62 million would fall into extreme poverty globally in 2020, with South Asia and Sub-Saharan Africa each contributing roughly two-fifths. The global estimate had to be revised to between 88 and 115 million using the June-2020 growth forecast, with about half of the new poor residing in South Asia. Using the January 2021 forecast, they now estimate between 119 and 124 million additional poor globally, with around 60 percent in South Asia. 
https://blogs.worldbank.org/opendata/updated-estimates-impact-covid-19-global-poverty-looking-back-2020-and-outlook-2021

print button Print
Related Articles:

Popular Articles

Poverty as a Wicked Problem

The belief that poverty can be prevented by identifying and dealing with its causes, and the...  Read More

Is Mars Ours?

Jun 13, 2021 | The New Yorker, Adam Mann

NASA and China having landed mobile rovers on the surface of Mars has raised the question of...  Read More

Think Local and Act Global - A Conversation with GGF 2030 fellow Cara Stauß

Nov 15, 2018 | Global Policy,

World affairs, diplomacy and trade are no longer solely the domain of nation-states, as cities...  Read More

Global Extreme Poverty

According to household surveys, 44 percent of the global population lived in absolute...  Read More

Popular Videos

A Message from Alan Doss, President of the Kofi Annan Foundation

Highlights from the G20 Think Tank Summit GLOBAL SOLUTIONS in Berlin

Happy Birthday Kofi Annan!

T20 Summit GLOBAL SOLUTIONS – Sean Cleary

Global Trends, Risks and Rewards — Where Are We Now, Where Are We Going?