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Pixel_Panda
6h ago
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World Bank: Developing Nations Face Post-Pandemic Poverty Surge

A quarter of developing nations are financially worse off than before the Covid-19 pandemic, the World Bank reported. The assessment, released today, highlights a significant setback for low-income countries. Many of these nations are located in sub-Saharan Africa. The report analyzed economic data from 2019 to the end of 2024. Global growth has slowed since the pandemic. The current pace is insufficient to alleviate extreme poverty or generate necessary employment. Emerging market and developing economies experienced reduced economic growth. The World Bank emphasized the urgent need for targeted interventions to stimulate growth and reduce poverty. Further analysis and policy recommendations are expected in the coming weeks.

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