DEVELOPMENTFUTURESSERIESUNDPGLOBALPOLICYNETWORKUNITEDNATIONSDEVELOPMENTPROGRAMMEMulti-speedgrowthisback,withafiscalblindspotbyGeorgeGrayMolinaandEduardoOrtiz-JuarezUNDPistheleadingUnitedNationsorganizationfightingtoendtheinjusticeofpoverty,inequalityandclimatechange.Workingwithourbroadnetworkofexpertsandpartnersin170countries,wehelpna-tionstobuildintegrated,lastingsolutionsforpeopleandplanet.Learnmoreatundp.orgorfollowat@UNDP.Theviewsexpressedinthispublicationarethoseoftheauthor(s)anddonotnecessarilyrepresentthoseoftheUnitedNations,includingUNDP,ortheUNMemberStates.Copyright©UNDPJuly2024AllrightsreservedUnitedNationsDevelopmentProgramme1UNPlaza,NewYork,NY10017,USAOnlineISSN:3005-3307UNDPDevelopmentFuturesSeriesMulti-speedgrowthisback,withafiscalblindspotbyGeorgeGrayMolinaandEduardoOrtiz-Juarez1Summary:Multi-speedgrowthisback:68developingeconomiesarecurrentlygrowingatmorethan4percent,47atbetween2and4percentand37atlessthan2percent.Theprojectedeffectsonpovertyareuneven.Despiteadownwardtrendsincethepandemicin2020,anestimated7.7percentoftheglobalpopulationcouldstillbelivinginextremepovertyin2024,justbelowthepre-pandemiclevelof8percent,andcoulddecreaseslightlyto7.2percentby2026.Anadditional13.1percentoftheworld’spopulationwillbelivingon$2.15to$3.65adayin2024(makingatotalof20.8percentlivingonlessthan$3.65aday)anda...
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