By AFP More by this AuthorWashingtonGlobal economic growth could rebound in 2021 - but the number of people living in extreme poverty is expected to remain unchanged after a huge surge this year due to the coronavirus pandemic, the World Bank warned Tuesday. Before the pandemic, extreme poverty -- defined as living on $1.90 per day -- had been decreasing. The bank expects growth to rebound by four per cent in 2021. EXTREMELY POORAdvertisementBut the countries with the highest shares of the world's extremely poor are not projected to grow faster than their population, meaning that extreme poverty will remain at the elevated 2020 levels through 2021. The bank warned "South Asia may see a larger increase in the number of poor as a result of Covid-19," particularly in India.

Source: Daily Nation June 10, 2020 04:51 UTC