A quarter of developing nations are financially worse off than before the Covid-19 pandemic, the World Bank revealed. The organization's report, released today, highlights a significant economic downturn in many low-income countries. Sub-Saharan Africa is particularly affected.

The World Bank identified Botswana, Namibia, the Central African Republic, Chad, and Mozambique among the nations experiencing negative economic shocks between 2019 and the end of 2024. South Africa and Nigeria, despite a growing population, also saw stagnant average income growth. The report indicates a global growth slowdown since the pandemic began.

The immediate market impact is still unfolding. Financial analysts are closely watching how affected nations will respond. The World Bank is expected to offer further guidance and potential aid packages.

This economic downturn follows a period of global disruption caused by the Covid-19 pandemic. Supply chain issues, reduced trade, and decreased foreign investment contributed to the current crisis.

The World Bank will continue monitoring the situation. Further reports are expected in the coming months, detailing specific recovery strategies.