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Quarter of Developing Nations Poorer Since 2019, Warns World Bank

1/14/2026

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Summary

Story summary

The World Bank reports quarter of developing countries are poorer than in 2019 due to pandemic shocks and conflicts.
Botswana, Chad, and Mozambique are among affected countries.
Global growth remains modest as emerging economies slow, with growth dropping from 4.2% to 4% next year.
Indermit Gill, the World Bank chief economist, warns that without significant reforms, the global economy may fail to create jobs for 1.2 billion young people.

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Story summary

The World Bank reports quarter of developing countries are poorer than in 2019 due to pandemic shocks and conflicts.
Botswana, Chad, and Mozambique are among affected countries.
Global growth remains modest as emerging economies slow, with growth dropping from 4.2% to 4% next year.
Indermit Gill, the World Bank chief economist, warns that without significant reforms, the global economy may fail to create jobs for 1.2 billion young people.