Poverty and Shared Prosperity 2022: Correcting Course

Recently, the World Bank released a report titled “Poverty and Shared Prosperity 2022: Correcting Course”.

  • The 2022 edition provides the first comprehensive look at the landscape of poverty in the aftermath of an extraordinary series of shocks to the global economy.

Major Findings

COVID-19 Pandemic

  • The COVID-19 pandemic dealt the biggest setback to global poverty in decades.
  • The pandemic increased the global extreme poverty rate to an estimated 9.3 percent in 2020—up from 8.4 percent in 2019.
  • That indicates that more than 70 million people were pushed into extreme poverty by the end of 2020, increasing the global total ....
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