The global economy is expected to expand at a steady but unimpressive clip this year, prompting developing nations to face increasing challenges related to poverty and economic stability.
The World Bank highlighted that many developing countries like South Africa and Mexico have lost economic momentum due to a rise in economic nationalism and a reduction in global integration.
Foreign direct investment into the developing world has decreased significantly, now at half the level seen in the early 2000s, which highlights the struggle these nations face.
Ayhan Kose emphasizes that there is no quick fix for economic growth; it requires consistent efforts and structural reforms to attract private investment and improve education.
Collection
[
|
...
]