Why developing economies are being left behind in Covid-19 recovery • FRANCE 24 English thumbnail

Why developing economies are being left behind in Covid-19 recovery • FRANCE 24 English

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The World Bank is warning of a “steep slowdown” in economic growth in 2022, as the Omicron variant and inflation weigh on the recovery from Covid-19. In its latest economic forecast, the Bank expects slower global expansion this year and next, as well as a divergence between developed and developing countries. Franziska Ohnsorge, one of the report’s authors, told FRANCE 24 “it’s almost as if the two groups are on different flight paths”, as poorer countries lag behind richer ones.

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