What is the Likely Poverty Impact of the Global Financial Crisis?

  • Andy Sumner
  • Sara Wolcott
Volume 40 Number 5
Published: February 5, 2016
https://doi.org/10.1111/j.1759-5436.2009.00073.x
Estimates of the poverty impact of the current crisis are becoming numerous and varied. Global estimates of poverty impacts are based on assumptions regarding Gross Domestic Product (GDP) growth deceleration and the relationship between GDP growth and poverty. We take a different approach. We ask what do we know from research on the poverty impacts of previous financial crises in developing countries? We review current global estimates on poverty and then draw evidence from nine developing countries that have experienced a crisis episode since the mid‐1990s.
From Issue: Vol. 40 No. 5 (2009) | Policy Responses to the Global Financial Crisis