Reported 1 day ago
The World Bank announced that while the global economy is growing steadily, projected at 2.7% for 2025 and 2026, this growth is not fast enough to alleviate poverty, particularly in low- and middle-income countries. With persistent challenges from war, high-interest rates, and inflation, developing economies are particularly struggling, showing a decline in growth rates over the past decades. The report emphasizes that the next 25 years will likely be tougher for these economies, influenced by ongoing conflicts and inadequate investments.
Source: YAHOO