{"id":15880,"date":"2020-10-13T20:19:03","date_gmt":"2020-10-13T20:19:03","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=15880"},"modified":"2020-10-13T20:19:03","modified_gmt":"2020-10-13T20:19:03","slug":"up-to-150-million-could-join-extreme-poor-world-bank-says","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/up-to-150-million-could-join-extreme-poor-world-bank-says","title":{"rendered":"Up to 150 million could join extreme poor, World Bank says"},"content":{"rendered":"

AfricaPress-Kenya:<\/strong> Up to 150 million people could slip into extreme poverty, the World Bank has warned.<\/p>\n

In an outlook grimmer than before, it said on Wednesday that by late next year depending on how badly economies shrink during the Covid-19 pandemic, millions of people will be living on less than $1.90 (Sh205) a day.<\/p>\n

Middle-income countries are expected to have 82 per cent of the new extreme poor, including India, Nigeria and Indonesia. Many of the new extreme poor will be more educated urban residents, meaning cities will see an increase in the kind of poverty traditionally rooted in rural areas.<\/p>\n

Most of the new extreme poor, more than 110 million even by the World Bank\u2019s baseline estimate, will be in South Asia and sub-Saharan Africa. The pandemic has abruptly halted years of progress against global extreme poverty, expected to rise this year for the first time in over two decades. It also threatens to worsen global inequality and make it \u201charder for countries to return to inclusive growth,\u201d World Bank president David Malpass said.<\/p>\n

Global economic growth is expected to fall by 5.2 per cent this year, more than in the past eight decades.<\/p>\n

Almost a quarter of the world\u2019s population lives below $3.20 (Sh345) a day, a massive number of people vulnerable to the kind of economic shocks that this year have come in waves. Unemployment is rising, and those who scraped together savings have watched them disappear. Families are eating less. Many children, who account for half of the world\u2019s poor, miss out on distance learning.<\/p>\n

\u201cMany of the new poor are likely to be engaged in informal services, construction and manufacturing \u2014 the sectors in which economic activity is most affected by lockdowns and other mobility restrictions,\u201d the report says, citing phone surveys in countries around the world.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Kenya: Up to 150 million people could slip into extreme poverty, the World Bank has warned. In an outlook grimmer than before, it said on Wednesday that by late next year depending on how badly economies shrink during the Covid-19 pandemic, millions of people will be living on less than $1.90 (Sh205) a day. Middle-income […]<\/p>\n","protected":false},"author":84,"featured_media":15875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[1539,1031],"class_list":["post-15880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-covid-19","tag-world-bank"],"yoast_head":"\nUp to 150 million could join extreme poor, World Bank says - kenya<\/title>\n<meta name=\"description\" content=\"Up to 150 million people could slip into extreme poverty, the World Bank has warned.In an outlook grimmer than before, it said\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/up-to-150-million-could-join-extreme-poor-world-bank-says\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Up to 150 million could join extreme poor, World Bank says\" \/>\n<meta property=\"og:description\" content=\"Up to 150 million people could slip into extreme poverty, the World Bank has warned.In an outlook grimmer than before, it said\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/up-to-150-million-could-join-extreme-poor-world-bank-says\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-13T20:19:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/up_to_150_million_co5f855cc9af369.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"432\" \/>\n\t<meta property=\"og:image:height\" content=\"298\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/up-to-150-million-could-join-extreme-poor-world-bank-says#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/up-to-150-million-could-join-extreme-poor-world-bank-says\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Up to 150 million could join extreme poor, World Bank says\",\"datePublished\":\"2020-10-13T20:19:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/up-to-150-million-could-join-extreme-poor-world-bank-says\"},\"wordCount\":308,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/up-to-150-million-could-join-extreme-poor-world-bank-says#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/up_to_150_million_co5f855cc9af369.jpg\",\"keywords\":[\"COVID-19\",\"World Bank\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/up-to-150-million-could-join-extreme-poor-world-bank-says#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/up-to-150-million-could-join-extreme-poor-world-bank-says\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/up-to-150-million-could-join-extreme-poor-world-bank-says\",\"name\":\"Up to 150 million could join extreme poor, World Bank says - 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