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World Bank: Fewer people living below poverty line, inequality lingers

By REUTERS

OCTOBER 3, 2016 00:24

NEW YORK - The number of people living in extreme poverty has declined by more than 100 million across the world despite a sluggish global economy, the World Bank said on Sunday.

The World Bank said 767 million people were living on less than $1.90 a day in 2013, its latest comprehensive data, down from 881 million people the previous year, with the strongest income rises in Asia.

"It's remarkable that countries have continued to reduce poverty and boost shared prosperity at a time when the global economy is underperforming," Jim Yong Kim, the World Bank's president, said in a statement.

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