Update on global poverty figures – another 400 million below the poverty line
As discussed in my previous blog, the World Bank has now issued its revised global poverty numbers. These have been recalculated to respond to its improved measure of ‘purchasing power parity’, which rebalances figures for GDP to allow for the fact that the price of goods and services varies between countries (i.e. a haircut in Sierra Leone costs a lot less than a haircut in Norway). Read More …

