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Updated estimates of the impact of COVID-19 on global poverty: Turning the corner on the pandemic in 2021?

In this blog, we revise those numbers based on updates to global poverty data that occurred in March and June and based on the recently launched growth forecasts from the June 2021 version of GEP. We aim to provide preliminary answers to two questions: Is global poverty turning the corner on the pandemic in 2021, and if so, is this happening in a similar way across countries?

World Bank
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.