Mahler et al. (2020) projected that COVID-19 is pushing between 71 and 100 million into extreme poverty based on the baseline and downside scenarios published in the latest Global Economic Prospects (GEP). The global poverty rate was projected to go down to 8.2 percent in 2019, but due to COVID19, is now projected to increase to 8.8 percent (baseline) and 9.2 percent (downside) in 2020.