A recent report by the World Bank has shed light on a concerning trend affecting half of the world's 75 poorest countries. For the first time in this century, these nations are experiencing a widening income gap with the wealthiest economies, marking a significant reversal in development progress.
The report reveals that over the past five years, the per capita income growth in the poorest countries has lagged behind that of the richest nations, leading to a troubling lack of convergence. This trend has resulted in these countries becoming poorer, indicating a serious structural regression in global development.
