While economic prospects at the global level have improved over the past two years, several large developing countries have seen per capita income decline. Further declines or weak per capita income growth are anticipated in 2019 in Central, Southern and West Africa, Western Asia, and Latin America and the Caribbean—homes to nearly a quarter of the global population living in extreme poverty. While unemployment rates are at historical lows in several developed economies, many individuals, notably those with low incomes, have seen little or no growth in disposable income for the last decade.