
World Bank: Developing Nations' Progress Erased Since 2019
World Bank: Developing Nations' Progress Erased Since 2019
A World Bank report reveals that 25% of developing nations are financially worse off than pre-pandemic levels in 2019, with Sub-Saharan Africa disproportionately impacted. Despite growth in some countries like Nigeria (4.4%), many, including South Africa (1.2%), failed to increase average incomes, signaling a slowdown in global growth insufficient to alleviate poverty and unemployment. This economic downturn highlights significant challenges for low-income nations in recovering from recent economic shocks.

























