Since 2019, 70 million more people were pushed back into extreme poverty – currently defined as those who live on less than $2.15 per person per day at 2017 purchasing power parity. The rate increased from 8.5% in 2019 to 9.3% in 2020. By the end of 2022, nowcasting suggests 8.4% of the world population or as many as 670 million people could still be living in extreme poverty today and that the figure will drop to 575 million by 2030 – a fall of less than 30% since 2015.

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