LE MONDE
By Julien Bouissou
24th October 2024
The global slowdown will be devastating for the poorest countries, which are already heavily in debt.
"This is maybe the end of a period of global growth marked by a large convergence between rich and poor countries," said Ishac Diwan, the Research Director at the Finance for Development Lab, a research center attached to the Paris School of Economics.
"With the rise of protectionism, the poorest nations will lose outlets for their manufacturing industry without necessarily having the skills to develop in services."