Coronavirus and the resulting recession will leave "lasting scars" on the developing world through multiple channels, including lower investment and a retreat from global trade and supply linkages, the World Bank said. "The long-term damage will be particularly severe in economies that suffer financial crises, and in energy exporters because of plunging oil prices," the World Bank added.
Coronavirus and the resulting recession will leave "lasting scars" on the developing world through multiple channels, including lower investment and a retreat from global trade and supply linkages, the World Bank said. "The long-term damage will be particularly severe in economies that suffer financial crises, and in energy exporters because of plunging oil prices," the World Bank added.