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Global poverty Report

05, Oct 2015

A new world bank report is forecasting that the number of people living in extreme poverty around the world will fall for the first time to under 10 percent of the global population this year. The report provides fresh evidence that the quarter-century-long sustained efforts are moving the world closer to the historic goal of ending poverty by 2030. The Washington-based institution's latest projections expect the number of people who survive on one dollar a day to drop from 12.8 percent of the human population in 2012 to 9.6 percent this year. That means 702 million people still struggle to survive. Despite the overall decline, the number of poor is not dropping as fast in some areas entrenched in conflict or dependent on commodity exports. Suffering is becoming increasingly concentrated in sub-Saharan Africa.