Global growth ‘downshifted’ since Covid pandemic and sub-Saharan Africa particularly affected, report says
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A 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.
The bank said global growth had “downshifted” since the pandemic, and the pace was now “insufficient to reduce extreme poverty and create jobs where they’re needed most”.
