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Growth is the biggest challenge for emerging economies

Growth is the biggest challenge for emerging economies

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Global Business Review Magazine
Wednesday, July 6, 2022
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Growth is the biggest challenge for emerging economies

Growth is the biggest challenge for emerging economies

The World Bank‘s chief economist said that the lack of growth is the biggest economic challenge facing developing economies. Carmen Reinhart, the World Bank‘s chief economist said that the economic growth was essential for poverty reduction. And also, for creating government revenues to use for fiscal space, social safety nets and the provision of public goods.

She said that they had a challenge in many emerging markets and developing countries even before the pandemic, growth started to slow down around 2015. She added that with growth comes jobs, with these comes recovery.

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The World Bank is hoping to raise $100 billion in donations for the International Development Association fund for poorer countries. President David Malpass said that this is to address the tragic reversals in development caused by the pandemic. And this is adding that, the growth disparities between advanced economies and developing countries were worsening.

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Global economies struggle as oil supplies tighten, volatile stakes

Oil prices see a surge, supply concerns to aid in the cause

S & P 500 ends at record high as Wall Street rises

Wall St futures tumble, dollar holds its ground against tides

OPEC+ members face issues of tight oil supplies

OPEC+ members face issues of tight oil supplies

U.S. energy companies shudder after economic and climate warnings

U.S. energy companies shudder after economic and climate warnings

People’s Bank and CA Sri Lanka to offer SME Mentoring Program

People’s Bank strikes Gold at Technnovation Awards 2022

Russia evades default through sheer force of will; Kremlin speaks

Russia evades default through sheer force of will; Kremlin speaks

Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

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