Further 150m people face extreme poverty by 2022, warns World Bank

Covid-19, climate crisis and war combine to reverse decades of progress on raising living standards

An additional 150 million people could be pushed into extreme poverty by the end of next year as a conflict, climate change and Covid-19 combine to end two decades of progress in raising the living standards of those on the lowest incomes,says the latest World Bank estimates.

The Washington-based organisation said the proportion of the world’s population living on less than $1.90 a day was expected to rise from 9.1% to 9.4% during 2020, with the increase concentrated in countries with already high poverty rates.

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