Crypto: Can Bitcoin Help Developing Countries Out of Poverty?
2022.05.25 16:11
Crypto: Can Bitcoin Help Developing Countries Out of Poverty?
- The World Economic Forum Annual Meeting is being held from 22-26 May 2022.
- Leaders have gathered to discuss some of the world’s biggest economic issues.
- Cryptocurrency could help emerging economies struggling with inflation.
The World Economic Forum Annual Meeting is underway and leaders across the world are sharing their insights on the state of the global economy. Deputy Managing Director of the IMF Gita Gopinath stated in a panel discussion earlier today that the world has very divergent recoveries following the aftermath of the pandemic.
“Advanced economies will get back to where they would have been in the absence of the pandemic by 2024. Basically no output losses there,” says the economist. “But emerging economies and developing economies will be at 5% below where they would have been in the absence of the pandemic.”
Advanced economies will be back on track by 2024. But developing economies will be 5% below where they would have been otherwise.
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