Quarter of developing countries poorer than in 2019, World Bank finds
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The World Bank has reported that a quarter of developing countries are now poorer than they were in 2019, prior to the Covid pandemic. This decline is particularly pronounced in sub-Saharan Africa, which has faced significant economic challenges in recent years. The report highlights a broader trend of global growth slowing down since the pandemic began, affecting many low-income nations.
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The Covid pandemic has had a profound impact on global economies, with developing countries experiencing some of the most severe consequences. The World Bank's report sheds light on the long-term effects of the pandemic, suggesting that recovery efforts have not been sufficient to restore pre-pandemic economic conditions in many regions.
This article is based on a report from the World Bank and reflects the organization's findings and analysis.
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