Poster | In just two years, 17+ mln Brazilians escaped poverty

Brazil announced this week that 17.4 million people moved out of poverty between 2022 and 2024, driven by rising labor incomes and expanded social support.

Officials said the pace of poverty reduction has accelerated markedly compared with previous decades, bringing the share of low-income households to its lowest level on record.

The milestone points to a broader shift in Brazil's development path. Social policy has moved in step with agricultural and industrial modernization, alongside growing investment in green growth - allowing economic expansion and poverty reduction to reinforce one another.

Brazil's experience mirrors a wider transformation across the Global South, where many developing economies are gaining momentum, reshaping global growth patterns, and narrowing gaps long dominated by advanced economies.

Produced by Xinhua Global Service■