The World Bank’s President called it “best news in the world” when the 2015 forecast of extreme poverty rates was released in October, showing that less than 10% of the world’s population now live in extreme poverty. It is great news indeed and it was widely reported in the press.
Some colleagues circulated the New Yorker magazine’s “Four Charts That Defined the World in 2015” from last week - their inclusion of the fall in global extreme poverty is very welcome.
However, some of us found the chart they used to be a little tricky to interpret, and because we see the issues below quite regularly, we thought doing a quick remake and explanation would be worthwhile.
Via The New Yorker
What’s wrong with this picture? A few things stand out: