Consistent with previous reports, many expert, from various sources, poverty in the world is said to be much more acute than previously thought.
BBC News reports:
"The World Bank has warned that world poverty is much greater than previously thought.
It has revised its previous estimate and now says that 1.4 billion people live in poverty, based on a new poverty line of $1.25 per day.
This is substantially more than its earlier estimate of 985 million people living in poverty in 2004.
The Bank has also revised upwards the number it said were poor in 1981, from 1.5 billion to 1.9 billion.
The new estimates suggest that poverty is both more persistent, and has fallen less sharply, than previously thought.
However, given the increase in world population, the poverty rate has still fallen from 50% to 25% over the past 25 years."
BBC News reports:
"The World Bank has warned that world poverty is much greater than previously thought.
It has revised its previous estimate and now says that 1.4 billion people live in poverty, based on a new poverty line of $1.25 per day.
This is substantially more than its earlier estimate of 985 million people living in poverty in 2004.
The Bank has also revised upwards the number it said were poor in 1981, from 1.5 billion to 1.9 billion.
The new estimates suggest that poverty is both more persistent, and has fallen less sharply, than previously thought.
However, given the increase in world population, the poverty rate has still fallen from 50% to 25% over the past 25 years."
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