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Global inequality on the wane: World Bank study

It warns, however, that continued anaemic global growth could reverse the trend

Homeless people in Tokyo lining up for food distributed by a non-profit group.The World Bank study said nearly 800 million people were living on under US$1.90 a day in 2013 - about 100 million fewer very poor people than the year before. East Asia and the Pacific made the best progress in lowering levels of extreme poverty.


CONTRARY to popular belief, inequality between all people in the world has declined consistently since 1990, a new study by the World Bank has found.

However, it warned that the continuing slowdown in global growth could turn the situation around. Its study, published on...

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