The World Bank is predicting a rise in global poverty in 2020 as a result of the coronavirus pandemic. If that holds true, it will be the first increase since 1998, Politico reports.
The international financial institution's economists believe the pandemic will push somewhere between 40 million and 60 million people into poverty, adding to the global rate, defined here as the percentage of the world's population living on less than $1.90 per day. The World Bank's "best estimate" is an increase of 49 million people. Sub-Saharan Africa is expected to be the region most affected.
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