An increasing number of people are becoming impoverished due to the impact of the global financial crisis in developed countries, according to a World Bank study. It is estimated that in 2009, due to weak economic growth, an additional 46 million people will find themselves below the poverty line, which is set at $1.25 a day, much higher than initial estimates before the outbreak of the crisis.
Another 53 million people will earn less than two dollars a day. Between 130 and 155 million people are facing poverty due to rising food and oil prices in 2008. Experts conducting such research doubt the published forecasts that one of the UN’s goals will be achieved – to halve the number of poor people in the world by 2015. In its research, the World Bank emphasized that the global economic crisis has exposed almost all households in developing countries to greater poverty and scarcity. The same study expresses concern for countries that were already affected by a large number of poor and scarcity, as they will be the most impacted by the global recession. (T. Vi.)
