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