Up to 150 million could join extreme poor, World Bank says The World Bank says up to 150 million people could slip into extreme poverty, living on less than $1.90 a day, by late next year depending on how badly economies shrink during the COVID-19 pandemicJOHANNESBURG -- Up to 150 million people could slip into extreme poverty, living on less than $1.90 a day, by late next year depending on how badly economies shrink during the COVID-19 pandemic, the World Bank said Wednesday in an outlook grimmer than before. Middle income-countries are expected to have 82% of the new extreme poor, including India, Nigeria and Indonesia. Most of the new extreme poor, more than 110 million even by the World Bank's baseline estimate, will be in South Asia and sub-Saharan Africa. Roughly a third of the newly extreme poor are expected to be in sub-Saharan Africa, between 26 million and 40 million. The World Bank estimates between 88 million and 115 million people could slip into extreme poverty this year, with another 23 million to 35 million in 2021.

Source: ABC News October 07, 2020 16:04 UTC