The World Bank Warns About Slowing Growth and Increases in Poverty Due to Protectionism
Tuesday, 11 June 2024, 13:30
Impact of Protectionism on Global Economy
The World Bank has released a report illuminating the consequences of protectionism on the global economy.
Warning Sign: Slowing Growth and Entrenching Poverty
- Fractured Cooperation: International collaboration that historically closed the wealth gap is now hindered by protectionism.
- Increased Disparities: Wealth inequality is widening as the poorest countries struggle to keep up with wealthier nations.
In summary, urgent measures are required to counteract the negative repercussions of protectionist policies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.