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Less Than 10% Of World’s Population Will Be Living In Extreme Poverty By End 2015, World Bank Predicts

News outlets discuss a new report from the World Bank forecasting global poverty trends based on the latest available data.

BBC News: World Bank: Extreme poverty ‘to fall below 10%’
“The World Bank has said that for the first time less than 10 percent of the world’s population will be living in extreme poverty by the end of 2015. The bank said it was using a new income figure of $1.90 per day to define extreme poverty, up from $1.25. It forecasts that the proportion of the world’s population in this category will fall from 12.8 percent in 2012 to 9.6 percent…” (10/5).

Thomson Reuters Foundation: World’s ‘extremely poor’ to fall below 10 percent of global population: World Bank
“…The global development lender attributed the continued fall in poverty to strong economic growth rates in emerging markets, particularly India, and investments in education, health, and social safety nets. … However, [World Bank Group President Jim Kim] warned that slower global growth, volatile financial markets, conflicts, high youth unemployment, and the impact of climate change were obstacles to meeting a U.N. target to end poverty by 2030…” (Malo, 10/4).

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