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Gifted Analysts

Research and Analytics

Income Distribution

The Impact of COVID-19 (Coronavirus) on Global Poverty: Why Sub-Saharan Africa Might be the Region Hardest Hit

By Abubakar AbdulrahmanPosted on Posted in Africa & World Economy, AgenciesTagged , , , , , No Comments on The Impact of COVID-19 (Coronavirus) on Global Poverty: Why Sub-Saharan Africa Might be the Region Hardest Hit

COVID-19 is taking its toll on the world, causing deaths, illnesses and economic despair. But how is the deadly virus impacting global poverty? Here we’ll argue that it is pushing about 40-60 million people into extreme poverty, with our best estimate being 49 million.

New World Bank Country Classifications by Income Level: 2020-2021

By Sheriffdeen AdeotiPosted on Posted in AgenciesTagged , , , , No Comments on New World Bank Country Classifications by Income Level: 2020-2021

It is important to emphasize that the World Bank’s income classifications use the GNI of the previous year (2019 in this case). Thus, the GNI numbers that are used for this year’s classification do not yet reflect the impact of COVID-19.

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