World Bank warns that extreme poverty will reach 28.6 million Latin Americans

The World Bank (WB) warned that up to 115 million people might fall into extreme poverty in the world by 2020 due to the crisis-induced by Covid-19. The institution estimates that the economy will contract by 5.2% in 2020, the largest drop in GDP in 80 years. Latin America, a region where more than 650 million people live, the rate of extreme poverty would go from 3.9% in 2017 to 4.4% at the end of this year, reaching a total of 28.6 million people.

Source: Infobae