>> A global economic slowdown has shrunk the world’s middle-class population and impoverished millions. >> In 2020, an estimated 131 million people were pushed into poverty and low-income groups, according to new research by Pew Research Center, a US think tank based in Washington. A majority of upper middle- and middle-income people (earning between $10 and $50 a day) became low-income (daily wage of $2-$10) and poor (earning less than $2 a day). >> A large driver of this rising poverty appears to be the South Asian region, which “is estimated to have added nearly double the amount of people to the ranks of the globally poor as sub-Saharan Africa in the pandemic,” Pew’s research found. “The percentage increase in poverty in South Asia (75%) dwarfs the increase in sub-Saharan Africa (8%).” >> The projected economic recession and its impact on a region’s GDP appear to correlate to how steeply a region’s gross domestic product (GDP) fell. “The relatively outsized role of South Asia in the contraction of the global middle class and the expansion of poverty is the result of it seeing the sharpest reduction in economic growth in the pandemic,” Pew added.