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Economy

Pandemic plunges 80m people in Asia into extreme poverty: ADB

Latest findings show region's sustainable development agenda under threat

MANILA -- The COVID-19 pandemic pushed another 75 million to 80 million people in emerging Asian economies into extreme poverty last year, the Asian Development Bank said in a report released Tuesday.

The latest estimates on extreme poverty, defined as living below $1.90 per day, spells a setback to the region's sustainable development agenda. The estimates cover 35 economies -- such as China, India, Bangladesh, and Papua New Guinea -- lower than the 46 ADB tracks in its Asian Development Outlook, the bank's widely followed publication.

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