World poverty rate to mark 1st rise in 22 yrs due to virus: U.N.

The number of people in extreme poverty across the world is expected to rise this year for the first time in 22 years due to the new coronavirus pandemic, the United Nations said in a recent report.The proportion of the world's population living below $1.90 a day is projected to rise to 8.8 percent in 2020 from 8.2 percent in 2019, according to the Sustainable Development Goals Report 2020 released earlier this month by the U.N. Department of Economic and Social Affairs.The extreme poverty rate is projected to log its first increase since 1998, when it rose 0.4 percentage point to 29.7 perc…READ FULL ARTICLE