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Keep Your Seatbelts Fastened: Political Turbulence Will Continue to Disrupt Economic Growth
Recent years have seen major economic challenges trigger social issues and reshape domestic and international politics. The COVID-19 pandemic reversed progress in reducing global poverty, hunger, and inequality, though its net impact is yet to be fully estimated. Preliminary data suggests a decline in extreme poverty in 2020, attributed to a high mortality among the poor in developing countries and temporary government financial support in developed nations. Global inequality is rising as incomes of the poorest 20% declined significantly while the incomes of the wealthiest were less affected. The UN’s Sustainable Development Goals face challenges, with many targets off-track for 2030. Effective cooperation between developing and developed countries remains a struggle, illustrated by issues like climate change and the COVID vaccination