Global Poverty Expected to Surge
The global recession is expected to push 89 million more people into extreme poverty by the end of 2010, the World Bank said Wednesday as it called on the leaders of the 20 largest economies to engage in “responsible globalization.”
Although economic data show that the worst recession of the post-World War II era might have ended in the United States, and global trade has begun to pick up, low-income countries are still reeling from the effects of a financial crisis created by their wealthier counterparts.
