The World Bank provided some relief from bad news this week with some fresh, positive data: For the first time ever, it estimates that the number of people around the world living in extreme poverty will fall below 10 percent.
Using an updated international poverty line of USD $1.90 a day, the Bank estimated that global poverty has fallen from 12.8 percent of the world’s population in 2012 to 9.6 percent of the global population in 2015. The new figures raise hopes that extreme poverty could be eliminated in the near future, the bank said.
“This is the best story in the world today — these projections show us that we are the first generation in human history that can end extreme poverty,’’ Jim Yong Kim, president of the World Bank, said in a statement.
Chosen excerpts by Job Market Monitor. Read the whole story at For the first time, less than 10 percent of the world is living in extreme poverty, World Bank says – The Washington Pos