Quarter of developing countries poorer than in 2019, World Bank finds

Global growth ‘downshifted’ since Covid pandemic and sub-Saharan Africa particularly affected, report saysBusiness live – latest updatesA quarter of countries in the developing world are poorer than they were in 2019 before the Covid pandemic, the World Bank has found.The Washington-based organisation said a large group of low-income countries, many in sub-Saharan Africa, had suffered a negative shock in the six years to the end of last year. Continue reading...