World Bank - Updated estimates of the impact of COVID-19 on global poverty

08 June 2020 |

In April we estimated that COVID-19 is pushing between 40 and 60 million into extreme poverty. Since then, the epicenter of the pandemic has shifted from Europe and North America to the global south. This has increased the death toll in low- and middle-income countries, induced longer shutdowns, and increased the economic costs of the pandemic. As a result, our estimates of the impact of the virus on global poverty have shifted as well. 

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