Home Business news Protectionism is slowing growth and entrenching poverty, says World Bank

Protectionism is slowing growth and entrenching poverty, says World Bank

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International cooperation that allowed poorest countries to close gap with wealthiest has fractured, says report

A new era of protectionism is leading to slower global growth and hindering attempts to eradicate poverty, the World Bank has warned.

The Washington-based institution said 80% of the world’s population – more than 6 billion people – were living in countries where growth would be slower in the next three years than in the pre-Covid decade.

Continue reading…International cooperation that allowed poorest countries to close gap with wealthiest has fractured, says reportBusiness live – latest updatesA new era of protectionism is leading to slower global growth and hindering attempts to eradicate poverty, the World Bank has warned.The Washington-based institution said 80% of the world’s population – more than 6 billion people – were living in countries where growth would be slower in the next three years than in the pre-Covid decade. Continue reading…