The report said growth in 2025 was supported by a surge in trade ahead of policy changes and rapid adjustments in global supply chains.
The world’s 26 poorest economies—home to about 40 per cent of all people who live on less than $2.15 a day—are deeper in debt than at any time since 2006.
It said these declines would be much steeper in the event of a global financial crisis or a recession.
The World Bank president said his “deep concern is that these trends will persist, with long-lasting consequences that are devastating” for people in developing economies.
