World Bank Group
Mahler, D., Yonzan, N., Aguilar, R., Wu, H.
2021-6-24
Article on revising COVID-19 numbers based on updates to global poverty data that occurred in March and June and based on the recently launched growth forecasts from the June 2021 version of GEP. The aim to provide preliminary answers to two questions: Is global poverty turning the corner on the pandemic in 2021, and if so, is this happening in a similar way across countries? The pandemic led to 97 million more people being in poverty in 2020. This is a reduction of about 20 million from our last estimate. Even this reduced estimate represents a historically unprecedented increase in global poverty.
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