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Pervasive informality in developing economies may be holding back recovery from the deep recessions caused by COVID-19.

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Per capita income growth in many EMDEs will lag the pace of recovery in advanced economies. As a result, the pace of per capita income catch-up with advanced economies has slowed or even reversed, particularly in the poorer and more fragile countries. Learn more.

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Marcello Estevão

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Elizabeth Howton
ehowton@worldbankgroup.org
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