Risk of polycrisis persisting remains very high, says World Bank

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THE polycrisis—a situation of overlapping crises happening simultaneously—can be blamed for the lost decade in poverty reduction requiring countries to step up their efforts to lick poverty and reduce inequality, according to the World Bank.

The World Bank said poverty incidence is projected to decrease to 13.6 percent in 2024 from 17.8 percent in 2021.

Apart from the pandemic, the World Bank experts said poor countries also suffered from higher debt levels.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Expected Noted Extreme Experts Growth Pandemic Poverty Countries Bank World Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 16:21:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 952 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23340660

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 70 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 17 hours ago

Coverage Areas: Philippines

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