The coronavirus pandemic has thrown between 88 million and 114 million people into extreme poverty, according to the World Bank’s biennial estimates of global poverty. The reversal is by far the largest increase in extreme poverty going back to 1990 when the data begin, and marks an end to a streak of more than two decades of declines in the number of the extremely impoverished, which the World Bank defines as living on less than $1.90 a day, or about $700 a year.

Source: Wall Street Journal October 07, 2020 15:56 UTC