Turning back the Poverty Clock: How will COVID-19 impact the world’s poorest people?

Turning back the Poverty Clock: How will COVID-19 impact the world’s poorest people?

In this Brookings article by Homi Kharas and Kristofer Hamel originally published in the Brookings Future Development series, they explain their logic for extreme global poverty rising by about 50 million people in 2020 but cautioning that this estimate remains in the middle of a wider range estimated by a team of World Bank economists.

To put this into context, 2020 will be the first time this century that the number of poor people will rise, a fact which can be seen in real time as the World Poverty Clock ticks “backward.” This comes after a spell of poverty reduction averaging almost 100 million people per year between 2008 and 2013.

Read more here: https://www.brookings.edu/blog/future-development/2020/05/06/turning-back-the-poverty-clock-how-will-covid-19-impact-the-worlds-poorest-people/?utm_campaign=Brookings%20Brief&utm_source=hs_email&utm_medium=email&utm_content=87749690

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