Nigeria, other developing countries stuck in middle-income trap, says W’Bank

The World Bank has warned that most developing countries, including Nigeria, may be stuck in a “middle-income trap” and miss the ambitious targets of rising above the challenge. The bank said high debt burden, aging populations and rising protectionism in advanced countries could continue to hobble developing economies. The COVID-19 crisis had heightened the tendency [...]The post Nigeria, other developing countries stuck in middle-income trap, says W’Bank appeared first on The Guardian Nigeria News - Nigeria and World News.

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