![]() ![]() Based on research by the World Bank, Oxfam now estimates that rising global food prices alone will push 65 million more people into extreme poverty, for a total of 263 million more extreme poor this year -equivalent to the populations of the UK, France, Germany and Spain combined. The World Bank had projected COVID-19 and worsening inequality to add 198 million extreme poor during 2022, reversing two decades of progress. This is mirrored in global hunger: the number of undernourished people could reach 827 million in 2022. “ First Crisis, Then Catastrophe”, published ahead of the World Bank and IMF Spring Meetings in Washington DC, shows that 860 million people could be living in extreme poverty - on less than $1.90 a day - by the end of this year. Over a quarter of a billion more people could crash into extreme levels of poverty in 2022 because of COVID-19, rising global inequality and the shock of food price rises supercharged by the war in Ukraine, reveals a new Oxfam brief today.
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