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

The Guardian - World NewsCenter-LeftEN 2 min read 100% complete by Phillip InmanJanuary 13, 2026 at 03:30 PM

AI Summary

medium article 2 min

The World Bank reports that a quarter of developing countries are poorer than before the COVID-19 pandemic in 2019, particularly in sub-Saharan Africa. Global growth has slowed, proving insufficient to reduce poverty and create jobs. While the global economy has shown resilience, growth in emerging markets is projected to slow from 4.2% to 4% next year. The US economy is expected to grow by 2.1% in 2025 and 2.2% in 2026, while the Euro area lags behind. The World Bank's chief economist attributes this to policy mistakes and urges developing nations to liberalize investment, control public spending, and invest in technology and education to stimulate growth and job creation.

Key Entities & Roles

Key Player Opposition Context

Washington 40% Euro area 60% Sub-Saharan Africa 70% United States 70% Indermit Gill ×380% World Bank ×590%

Keywords

developing countries 100% economic growth 90% poverty 80% world bank 70% global economy 60% job creation 50% policy mistakes 50% private investment 40%