PRESS RELEASE August 1, 2024 “Middle-Income Trap” Hinders Progress in 108 Developing Countries This page in:English Español Français العربية Русский 中文

https://www.worldbank.org/en/news/press-release/2024/07/22/-middle-income-trap-hinders-progress-in-108-developing-countries This page in:English Español Français العربية Русский 中文 WASHINGTON, August 1, 2024—More than 100 countries—including China, India, Brazil, and South Africa—face serious obstacles that could hinder their efforts to become high-income countries in the next few decades, according to a new World Bank study that provides the first comprehensive roadmap to enable developing countries to escape the “middle-income trap.”