Incomes, poverty and well-being

The effects of the widespread job losses described in the preceding chapter have been hard on individuals and households, particularly in developing countries where there are no or scant social protection measures. The severe impacts of the global financial and economic crisis began to be felt at a time when budgets had already been squeezed by the earlier food and energy price crises. As a result, the progress that many countries had made in reducing poverty has been slowed and, in some cases, even reversed.

Sustainable Development Goals:

No Poverty

Reduced Inequalities