Pandemic deepens poverty in Asia-Pacific for 2nd year

'Reversal of fortunes' seen across the region, except in China

20210928N Manila

A girl studies with her mother at their home in Manila while schools are closed due to the coronavirus. Children in emerging Asia could lose more than $500 in lifetime earnings because of the pandemic. © Reuters

TAKASHI NAKANO, Nikkei staff writer

SINGAPORE -- Poverty will rise throughout emerging Asia outside of China for the second straight year in 2021, the World Bank projects, as the protracted coronavirus pandemic squeezes employment and educational opportunities in the region.

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