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This figure presents the nowcast of poverty up to 2021 using the pre-COVID-19 and the COVID-19 baseline and downside scenarios using the GEP January 2021 forecast. As reported above, the pandemic-induced global new poor is estimated to be between 119 and 124 million in 2020. In 2021, the estimated COVID-19-induced poor is set to rise to between 143 and 163 million. While the estimates for 2021 are very preliminary, it goes to show that for millions of people around the globe this crisis will not be short-lived. Read more.

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Ambar Narayan

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