A quarter of developing nations are financially worse off than before the Covid-19 pandemic, the World Bank reported. The analysis, released today, reveals a significant economic downturn for many low-income countries. Sub-Saharan Africa was particularly affected by this negative shock over the past six years.

The World Bank stated that global growth has slowed since the pandemic's onset. Current growth rates are insufficient to alleviate extreme poverty and generate necessary employment. Economic expansion in emerging markets and developing economies has been hampered.

The report did not immediately detail specific market impacts or individual company performance. However, the findings suggest potential instability in affected regions. Further analysis is expected to assess the long-term consequences.

The Covid-19 pandemic triggered a global economic crisis, disrupting supply chains and reducing demand. Developing nations often lack the resources to effectively manage such crises. The World Bank plans to monitor the situation closely and offer support where possible. Future reports will provide updated data and policy recommendations.