Friday, October 02, 2009

Poverty continues to decline world wide


The World Bank projects that the number of people living in extreme poverty (on less than $1.25 a day) will fall slightly in 2009, declining from 1,203 million in 2008 to 1,184 million (see Table.) 1 The share of the world’s population living in extreme poverty is also expected to decline by a small amount, from 21.3 percent in 2008 to 20.7 percent in 2009.2