Covid-19 will push as many as 150 MILLION people into extreme poverty by 2021 – World Bank

Extreme global poverty

Extreme global poverty is expected to rise in 2020 for the first time in over 20 years due to the disruption caused by the “extraordinary” coronavirus crisis, the World Bank has warned.

According to a new report, the Covid-19 pandemic is expected to push an additional 88 million to 115 million people into extreme poverty this year, with the total rising to as many as 150 million by 2021, depending on the severity of the economic contraction.

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