Further 150m people face extreme poverty by 2022, warns World Bank

Covid-19, climate crisis and war combine to reverse decades of progress on raising living standards

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An additional 150 million people could be pushed into extreme poverty by the end of next year as conflict, climate change and Covid-19 combine to end two decades of progress in raising the living standards of those on the lowest incomes, say the latest World Bank estimates.

The Washington-based organisation said the proportion of the world's population living on less than $1.90 a day was expected to rise from 9.1% to 9.4% during 2020, with the increase concentrated in countries with already high poverty rates.