International cooperation that allowed poorest countries to close gap with wealthiest has fractured, says report
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A new era of protectionism is leading to slower global growth and hindering attempts to eradicate poverty, the World Bank has warned.
The Washington-based institution said 80% of the world’s population – more than 6 billion people – were living in countries where growth would be slower in the next three years than in the pre-Covid decade.
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