The Covid-19 pandemic is widening the gap between rich and poor countries, threatening to reverse years of economic progress and set back efforts to alleviate global poverty
Narrowing between economies as emerging growth rates slow against advanced economiesSource: International Monetary Fund, first spotted in November in South Africa, represents a new challenge. The variant has spread rapidly world-wide, displacing older strains such as Delta due to its higher transmissibility and ability to partially evade the immunity conferred by vaccination or prior infection.
Migrant workers wait to board buses in Mumbai, India, in May 2020, as they journey to their home states. The pandemic triggered lockdowns in both developed and developing economies but richer nations have emerged stronger thanks to lavish government support for idled businesses and workers.A customer leaves a bank where people receive international money wires in Acatlán de Osorio, Mexico, in June 2020.
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