The World Bank published today the new poverty data, covering the period of the pandemic up to 2022. After decades of progress, the world saw the first increase in extreme poverty during COVID.
The latest data on the share in extreme poverty is 8.9% in 2019 9.7% in 2020 9.5% in 2021 9% in 2022 here is the article blogs.worldbank.org/en/opendata/ma… via my colleague @parriagadap
@MaxCRoser @yonathanteclu We must know that rich people will have more and more money. poor man's money....
@MaxCRoser A good illustration of what degrowth will cause...
@MaxCRoser Look at absolute numbers, not just by percentage. This is a typical conflation.
@MaxCRoser True, but it didn’t last long. 1.9$ poverty is on way down. However, this is only first step. As Hans Rosling has said, people from street are coming to floor 1. They need to climb to higher floors.
@MaxCRoser As these are estimates based on survey data form many countries, it would be nice to provide some measure of uncertainty such as confidence intervals and plot them in the graph.