Trends in changes in poverty levels in the Republic of Armenia

Abstract

Today, the whole world is faced with ever-increasing demonstrations of social inequality, one of which is poverty. Especially in 2019-2020 Social inequality around the world has worsened as the pandemic has hit the poor hardest. According to the World Bank, more than 700 million people in the world today live in extreme poverty, spending just $2.15 a day, which is the extreme poverty threshold. After decades of efforts to reduce global poverty, shocks and crises in the global economy in recent years have led to a worsening of the situation. As a result, the problem of poverty has worsened in low-income countries, which are still unable to recover and return to their previous pace. At the current pace, the goal of ending global poverty will not be achieved by 2030, according to the World Bank.