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What is Global Poverty Reduction Trends Analysis about?
Poverty has significantly decreased globally over the past 40 years, primarily due to economic growth in Asia, while stagnation is observed in Africa, where poverty is expected to concentrate. The emergence of a new global middle class is noted, although this group remains economically vulnerable and is largely employed in the informal economy. In high-income countries, middle-income groups are experiencing a squeeze, with increasing income inequality and a declining share of national earnings.
- Author
- antaiyi20070512
- Language
- EN