{"id":10485,"date":"2022-10-09T14:53:43","date_gmt":"2022-10-09T09:23:43","guid":{"rendered":"https:\/\/polscienceweb.com\/?post_type=portfolio&#038;p=10485"},"modified":"2022-10-09T14:53:57","modified_gmt":"2022-10-09T09:23:57","slug":"a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply","status":"publish","type":"portfolio","link":"https:\/\/polscienceweb.com\/index.php\/portfolio\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\/","title":{"rendered":"A recent report by the World Bank says that both poverty and inequality have gone up sharply"},"content":{"rendered":"\n<h4 class=\"has-text-align-center wp-block-heading\"><strong>Key Findings<\/strong><\/h4>\n\n\n<div class=\"has-text-align-center wp-block-post-date\"><time datetime=\"2022-10-09T14:53:43+05:30\">9th October 2022<\/time><\/div>\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<details class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\">\n<summary class=\"wo-block-verse\" style=\"font-size: 18.5px; text-align: center;\">Read more<br><br><\/summary>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\"\n>The World Bank recently published a report titled<strong> &#8220;Poverty and Shared Prosperity 2022: Correcting Course.&#8221;<\/strong> It is a biennial publication that provides the most recent estimates and trends in global poverty and shared prosperity.<\/p>\n\n\n\n<ol class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\"\n><li>According to the report, global poverty reduction has slowed since 2015, but the COVID pandemic and the war in Ukraine have entirely reversed the trend.<\/li><li>The pandemic increased the global extreme poverty rate from 8.4% in 2019 to an estimated 9.3% in 2020.<\/li><li>The World Bank says 70 million were plunged into poverty in 2020.<\/li><li>The world&#8217;s long-standing goal of ending extreme poverty by 2030 is unlikely to be met.<\/li><li>Inequalities have also increased.<\/li><\/ol>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Suggestions for Solutions:<\/strong><\/h3>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\"\n>According to World Bank Group President David Malpass, <strong>&#8220;prudent fiscal policy <\/strong>does offer opportunities for policymakers in developing economies to step up the fight against poverty and inequality.&#8221; Regarding fiscal policy, the World Bank has three specific recommendations.<\/p>\n\n\n\n<ol class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\"\n><li>Instead of broad subsidies, opt for targeted cash transfers.<\/li><li>Prioritize public spending for long-term growth.<\/li><li>Mobilize tax revenues without hurting the poor.<\/li><\/ol>\n\n\n\n<\/details>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-economics\/world-bank-pverty-report-india-inequality-8193048\/\" target=\"_blank\" rel=\"noreferrer noopener\">IE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Findings The World Bank recently published a report titled &#8220;Poverty and Shared Prosperity 2022:&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10484,"comment_status":"closed","ping_status":"closed","template":"","portfolio-category":[428,426,449],"class_list":["post-10485","portfolio","type-portfolio","status-publish","has-post-thumbnail","hentry","portfolio-category-428","portfolio-category-newsfeed","portfolio-category-october-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Poverty and inequality have gone up sharply : World Bank analysis<\/title>\n<meta name=\"description\" content=\"When it comes to fiscal policy, the World Bank has three specific recommendations. Instead of broad subsidies, opt for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/polscienceweb.com\/index.php\/portfolio\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Poverty and inequality have gone up sharply : World Bank analysis\" \/>\n<meta property=\"og:description\" content=\"When it comes to fiscal policy, the World Bank has three specific recommendations. Instead of broad subsidies, opt for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/polscienceweb.com\/index.php\/portfolio\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\/\" \/>\n<meta property=\"og:site_name\" content=\"Politics Science News\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-09T09:23:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/polscienceweb.com\/wp-content\/uploads\/2022\/10\/Untitled-design-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\\\/\",\"url\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\\\/\",\"name\":\"Poverty and inequality have gone up sharply : World Bank analysis\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/polscienceweb.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Untitled-design-2.jpg\",\"datePublished\":\"2022-10-09T09:23:43+00:00\",\"dateModified\":\"2022-10-09T09:23:57+00:00\",\"description\":\"When it comes to fiscal policy, the World Bank has three specific recommendations. Instead of broad subsidies, opt for\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\\\/#primaryimage\",\"url\":\"https:\\\/\\\/polscienceweb.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Untitled-design-2.jpg\",\"contentUrl\":\"https:\\\/\\\/polscienceweb.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Untitled-design-2.jpg\",\"width\":800,\"height\":400,\"caption\":\"poverty report\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/polscienceweb.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Portfolio\",\"item\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"A recent report by the World Bank says that both poverty and inequality have gone up sharply\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/#website\",\"url\":\"https:\\\/\\\/polscienceweb.com\\\/\",\"name\":\"Politics Science News\",\"description\":\"Latest Articles\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/polscienceweb.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Poverty and inequality have gone up sharply : World Bank analysis","description":"When it comes to fiscal policy, the World Bank has three specific recommendations. Instead of broad subsidies, opt for","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/polscienceweb.com\/index.php\/portfolio\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\/","og_locale":"en_US","og_type":"article","og_title":"Poverty and inequality have gone up sharply : World Bank analysis","og_description":"When it comes to fiscal policy, the World Bank has three specific recommendations. Instead of broad subsidies, opt for","og_url":"https:\/\/polscienceweb.com\/index.php\/portfolio\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\/","og_site_name":"Politics Science News","article_modified_time":"2022-10-09T09:23:57+00:00","og_image":[{"width":800,"height":400,"url":"https:\/\/polscienceweb.com\/wp-content\/uploads\/2022\/10\/Untitled-design-2.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/polscienceweb.com\/index.php\/portfolio\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\/","url":"https:\/\/polscienceweb.com\/index.php\/portfolio\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\/","name":"Poverty and inequality have gone up sharply : World Bank analysis","isPartOf":{"@id":"https:\/\/polscienceweb.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/polscienceweb.com\/index.php\/portfolio\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\/#primaryimage"},"image":{"@id":"https:\/\/polscienceweb.com\/index.php\/portfolio\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\/#primaryimage"},"thumbnailUrl":"https:\/\/polscienceweb.com\/wp-content\/uploads\/2022\/10\/Untitled-design-2.jpg","datePublished":"2022-10-09T09:23:43+00:00","dateModified":"2022-10-09T09:23:57+00:00","description":"When it comes to fiscal policy, the World Bank has three specific recommendations. Instead of broad subsidies, opt for","breadcrumb":{"@id":"https:\/\/polscienceweb.com\/index.php\/portfolio\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/polscienceweb.com\/index.php\/portfolio\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/polscienceweb.com\/index.php\/portfolio\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\/#primaryimage","url":"https:\/\/polscienceweb.com\/wp-content\/uploads\/2022\/10\/Untitled-design-2.jpg","contentUrl":"https:\/\/polscienceweb.com\/wp-content\/uploads\/2022\/10\/Untitled-design-2.jpg","width":800,"height":400,"caption":"poverty report"},{"@type":"BreadcrumbList","@id":"https:\/\/polscienceweb.com\/index.php\/portfolio\/a-recent-report-by-the-world-bank-says-that-both-poverty-and-inequality-have-gone-up-sharply\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/polscienceweb.com\/"},{"@type":"ListItem","position":2,"name":"Portfolio","item":"https:\/\/polscienceweb.com\/index.php\/portfolio\/"},{"@type":"ListItem","position":3,"name":"A recent report by the World Bank says that both poverty and inequality have gone up sharply"}]},{"@type":"WebSite","@id":"https:\/\/polscienceweb.com\/#website","url":"https:\/\/polscienceweb.com\/","name":"Politics Science News","description":"Latest Articles","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/polscienceweb.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/portfolio\/10485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/portfolio"}],"about":[{"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/types\/portfolio"}],"author":[{"embeddable":true,"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/comments?post=10485"}],"version-history":[{"count":3,"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/portfolio\/10485\/revisions"}],"predecessor-version":[{"id":10488,"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/portfolio\/10485\/revisions\/10488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/media\/10484"}],"wp:attachment":[{"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/media?parent=10485"}],"wp:term":[{"taxonomy":"portfolio-category","embeddable":true,"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/portfolio-category?post=10485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}