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Word Count: 330
The latest global numbers The World Bank just updated its estimates of the number of people living in poverty to 1996 and 1998 using 1993 Purchasing Power Parities PPP and household survey data see Table 1 and Table 2 The figures for 1998 are preliminary estimates based on the most recent survey data available only a few surveys are available for 1997 and 1998 and actual or estimated growth rates in real private consumption per capita they will be firmed up as new survey data become available What story do the new figures tell First both the share of population and the number of people living on less than a dollar a day declined substantially in the mid-1990s after increasing in the early 1990s The same is true for those living below two dollars a day But the numbers rose again in the aftermath of the global financial crisis The declines in the numbers are almost exclusively due to a reduction
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