IFPRI Senior Research Fellow David Laborde‘s study on the economic downturn’s impact on combatting poverty was picked up in several newspapers, including Pakistan’s oldest and most widely read English-language newspaper Dawn and Bangladesh’s Daily Sun. The study, released on Sept. 6, found that the global downturn may cause 38 million more people to remain in extreme poverty despite the fact that projections before the global crisis led many to believe they would leave extreme poverty. Read more about the study here.
According to the Dawn article, “almost all of the countries with large numbers remaining in extreme poverty in 2030 will be in sub-Saharan Africa or South Asia, the study shows. Worldwide, more than 130 out of 189 countries will experience reduced income growth, the projections show, with the average global GDP growth rate falling from 4.1pc to 3.1pc between 2011 and 2030. That one percentage point per year difference will effectively trap tens of millions of people in extreme poverty, unless additional steps are taken to address their predicament, it says.”