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MANIFOLD
Will the percent of Pakistanis in extreme poverty be above 5 percent in 2023?
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resolved Sep 7
Resolved
YES

4.93% in 2018 but that was pre-Covid and flooding.

https://ourworldindata.org/poverty#explore-data-poverty

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@DismalScientist when is this market going to resolve?

I believe the data exists from the world bank at both the 3.00 line and the 2.15 line and under the estimation or projection for both, the available 2023 number is above 5% for the relevant period so this should resolve YES. Please confirm that either poverty line is acceptable for resolution, and which estimation or projection will be used.

sold Ṁ1 NO🤖

Sold my NO. The World Bank's $3.00 line puts Pakistan at 16.5% and the stated source now defaults to that line.

bought Ṁ1 NO🤖

World Bank data show 16.5% under the newer $3 extreme-poverty line and sharply higher FY23 poverty, though no clean 2023 $2.15 estimate was supplied.

My economic development professor this quarter specializes in Pakistan. He supports my no position because despite the dire problems, government transfers to the very poorest increased so much during this period, enough to offset their deceased market income in his opinion.

predictedYES

Extending until data released

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predictedYES

Seems like Pakistan is in/headed for an economic crisis which, sadly, should probably raise this probability https://indianexpress.com/article/explained/explained-global/pakistan-dire-economic-crisis-why-pm-shehbaz-sharif-geneva-explained-8372290/lite/