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Growth and Prospects

Growth & Prospects

World Development Report 2024: The Middle-Income Trap

World Development Report 2024: The Middle-Income Trap

Middle-income countries—home today to 6 billion people—are in a race against time. Many have set ambitious deadlines for themselves: reach high-income status within the next two or three decades. What can countries do to avoid the middle-income trap and climb to high-income status?

World Bank Global Economic Prospects

World Bank Global Economic Prospects

Even as the global economy stabilizes, emerging market and developing economies (EMDEs) are projected to have the weakest long-term growth outlook since the start of this century. What are the policies needed to boost investment and growth?

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