The Pandemic Stalls Growth in the Global Middle Class, Pushes Poverty Up Sharply
The global middle class consisted of 54 million fewer people in 2020 than the number projected prior to the onset of the pandemic.
Numbers, Facts and Trends Shaping Your World
The global middle class consisted of 54 million fewer people in 2020 than the number projected prior to the onset of the pandemic.
Money sent by immigrants to their home countries in sub-Saharan Africa reached a record $41 billion in 2017.
Remittance flows decreased worldwide for a second consecutive year in 2016, the first back-to-back decline in over three decades. Remittances to Latin America and the Caribbean, however, rose to a record high.
The Trump administration’s plans to impose $50 billion in tariffs on Chinese imports, as well as tariffs recently placed on imported steel and aluminum and on imports of solar panels and washing machines, mark a distinct break from decades of U.S. trade policy, which long has generally favored lower tariffs and fewer restrictions on the movement of goods and services across international borders.
The federal Optional Practical Training program saw a 400% increase in foreign students graduating and working in STEM fields between 2008 and 2016.
As a whole, Latin America enjoyed solid economic growth in the first decade of this century, with a fall in poverty, a decrease in income inequality and a rise of its middle class.
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