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The bank expects the world economy to expand 2.7% in 2025 and again in 2026. ... For low- and middle-income countries – so-called developing economies – growth is expected to come in at 4.1% ...
According to Asian Development Bank, avoiding the middle-income trap requires identifying strategies to introduce new processes and find new markets to maintain export growth. It is also essential to increase domestic demand because an expanding middle class can use its increasing purchasing power to buy high-quality, innovative products and ...
The World Development Report (WDR) is an annual report published since 1978 by the World Bank. Each WDR provides in-depth analysis of a specific aspect of economic development . Past reports have considered such topics as agriculture, youth, equity, public services delivery, the role of the state, transition economies , labour, infrastructure ...
All four countries are classified as high-income economies by the World Bank and developed countries by the International Monetary Fund (IMF) and U.S. Central Intelligence Agency (CIA). All of the Four Asian Tigers, like Western European countries, have a Human Development Index considered "very high" by the United Nations.
Lower middle income 38.12% 2022 2.95 2015 2.953 2015 Turkmenistan: Central Asia: Upper middle income 47.99% 2022 2.72 1993 2.404 1998 Timor-Leste: South-eastern Asia: Lower middle income 46.30% 2022 4.04 2014 4.045 2014 Tonga: Polynesia: Upper middle income 48.59% 2022 3.18 2015 3.965 2021 Trinidad and Tobago: Caribbean
Billionaires' wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported on Monday as some of the world's political and financial elite prepared for an annual ...
The World Bank is an international financial institution that provides loans and grants to the governments of low-and middle-income countries for the purposes of economic development. [6] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA ...
The World Bank Group is the globe's most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.