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Poverty

WHAT'S NEXT?: Due to a deteriorating global economic outlook, more than 130 out of 189 countries will experience reduced income growth, with the average global GDP growth rate falling from 4.1 percent to 3.1 percent between 2011 and 2030. Almost all of the countries with large numbers remaining in extreme poverty in 2030 will be in sub-Saharan Africa or South Asia.

[New] An additional 47 million women and girls will fall into extreme poverty due to the global health crisis and poverty rates will not return to pre-pandemic levels until 2030.
[New] The expansion of the Child Tax Credit in President Biden's American Rescue Plan, projected to decrease child poverty by 40%, will have an outsized effect on rural areas, where poverty rates are higher.
[New] Sub-Saharan Africa will be the second most severely affected region (after South Asia), with 26 million to 40 million more of its people falling into extreme poverty.
[New] Although the decline in economic growth is projected to be more modest in sub-Saharan Africa than in advanced economies, it will likely spur one of the largest increases in extreme poverty, reflecting the large number of people in the region living on the edge of poverty.
[New] Covid-19's impact on Africa's development is already painfully clear: a first recession in 25 years, with economic activity expected to have fallen by more than 3% in 2020, which could drive up to 40 million into extreme poverty.
[New] SolarBuddy is an Australian charity uniting a global community with a big dream to gift six million solar lights to children living in energy poverty by 2030, to help them to study after dusk and improve their education outcomes.
[New] In the coming months we could be facing a perfect storm in Myanmar where another wave of COVID-19 infections collides with a deepening humanitarian crisis spreading across the entire country.
[New] Advanced economies could use more progressive income taxes, inheritance and property taxes, and taxes on excess corporate profits to help reduce inequalities exposed by the COVID-19 pandemic.
[New] While the humanitarian needs of vulnerable populations should always be paramount, actions to address forced migration in East Asia will provide tangible benefits to the United States as well.
[New] The risk is real not only for Lebanese families, more half of whom live in poverty, but also for the hundreds of thousands of Palestinian and Syrian refugees who already struggled to access education before Lebanon's multifold crisis made it more difficult.
[New] More inclusive cooperation will be essential to addressing pressing global challenges, such as public health crises, climate change, technological competition, cybersecurity concerns, debt forgiveness, and humanitarian relief.
[New] Four major policies in the American Rescue Plan will reduce the number of people in poverty in 2021 from 44 million to 28 million - shrinking the overall poverty rate from 13.7% to 8.7%.
[New] New Zealand's ODA will achieve global reach through strong engagement in and support through the multilateral system, humanitarian assistance, regional programmes in Africa and the Caribbean, and assistance to specific fragile and conflict affected areas, particularly in the Middle East and Asia.
[New] Over the next five years the Senedd should focus on issues relating to reducing poverty while offering opportunities for people to develop skills reach their full potential.
[New] Income inequality is extreme; while over 100m people are in absolute poverty, Nigeria was forecast to be Africa's largest importer of champagne when oil prices were rising.
[New] The global crisis caused by COVID-19 appears to be an opportunity and a decisive moment to reorientate the way humanitarian action is implemented.
[New] An immediate and sustained recovery is critical for Bangladesh in light of the impending graduation from LDC status in 2024 and aspiring to become an upper-middle income country with zero extreme poverty by 2031.
[New] The global recession sparked by COVID-19 is reversing the economic progress of several countries in various regions, with the threat of pushing 96 million people into extreme poverty, of which 47 million are women and girls.
[New] The overheated residential market will require a policy response, especially as Canadians' obsession with real estate is taking away investments from more productive capital uses and will likely exacerbate inequality.
[New] The unprecedented scal packages and low global interest rates present an opportunity for Governments to invest in resilience, reduce inequalities, and stimulate economic growth.
New Zealand will maintain a strong ODA contribution to sustainable development and humanitarian action in Pacific Island and developing countries.
In Europe, we expect a slower but more balanced recovery, with less pronounced inequality than in the U.S., although low-income cohorts will likely recover slower than high-income without additional government stimulus.
By expanding the child tax credit for a year and sending monthly checks of up to $300 per child to families, the American Rescue Plan is expected to cut child poverty in half.

Last updated: 09 April 2021

Poverty

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