Global extreme poverty is set to rise in 2020-the first time in two decades- as effects of Covid-19 disruption takes toll on the global economy that was already reeling from the combined force of conflict and climate change, a latest report by the World Bank (WB) suggests.
According to the report released yesterday, an additional 88 million new poor have emerged from the pandemic, mostly from already poverty-stricken countries such as Zimbabwe, and will push the total number of people living in extreme poverty to 150 million by next year.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article