Developing Nations See One-Quarter Fall Below 2019 Income Levels, World Bank Warns
TL;DR
About a quarter of developing countries are poorer now than in 2019 due to post-pandemic shocks, with many in sub-Saharan Africa; while some economies posted modest growth, global growth is slowing and not enough to reduce poverty. The World Bank notes China’s projected growth of about 4.4% this year and 4.2% next, and urges tighter budgets, more private investment and trade liberalization, and investment in technology and education to sustain growth amid high debt and aging populations.
- Quarter of developing countries poorer than in 2019, World Bank finds The Guardian
- Global economy holding steady despite threats, thanks to U.S. performance The Washington Post
- World Bank sees resilient global growth in 2026 amid tariffs but fading dynamism Reuters
- World Bank Boosts 2026 Economic Outlook, Citing ‘Notable’ Resilience Bloomberg.com
- Global Economy Records Stronger Growth, But Is on Course for a Weak Decade, Says World Bank The Wall Street Journal
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