What is the impact of current global crisis to the economy of developing countries?

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2026-03-02 21:30

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Developing countries are ones whose economies are in the developing stage. They are in the growth phase. Much of their revenue is through export to developed countries like the US, UK etc.

When a super power like the US is reeling under a crisis, the plight of developing countries is worse. Their GDP's would come down, unemployment, high inflation, lesser industrial production, lesser per capita consumption etc are some issues that would be faced by such countries.

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