Extreme poverty could be eradicated globally by 2050 – report

Washing clothes in Malawi. The report predicts that by 2050, people living on less than $2.15 a day in Africa will fall from 29% to 7%. Photograph: Fredrik Lerneryd/AFP/Getty Images

The end of extreme poverty may finally be achieved by 2050, spurred by economic growth in low-income countries, according to a new economic forecast.

Though the Covid pandemic began to reverse progress in eradicating extreme poverty, and additional challenges will emerge, the damage may have a very limited impact on the overall trajectory of economic growth, according to a Center for Global Development (CGD) report.