53 million more people get into the grip of poverty: WB

DUBAI: World Bank has said that the surging global recession has pushed further 53 million people below the poverty line in developing countries and feared that 20 to 40 million more children would die in utter poverty.WB released projections for the current year said that 130 to 150.5 million people would fall below the poverty line due to hiking prices of food items and fuels. Besides, in the wake of slowdown and low growth rate 46 million people would be compelled to live on $1.25 per day, while 53 million people on $2 per day. The Bank expressed the fear that if the global recession persists, the 20 to 40 million children would embrace death due to poverty.