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Economics

A Quarter-Billion More People Face Extreme Poverty, Oxfam Says

  • Covid-19, global inequality, Ukraine war cited as main factors
  • Impact to grow size of extreme poor to 860 million, group says
A homeless man walks through Manhattan on March 31.

A homeless man walks through Manhattan on March 31.

Photographer: Spencer Platt/Getty Images 

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The impacts of Covid-19, rising global inequality and soaring food prices caused by the war in Ukraine are set to send more than a quarter-billion more people into poverty this year, according to charity group Oxfam International.