The World Bank expected Corona virus and the resulting recession to leave long-term scars on developing and emerging market countries.
According to Reuters, the World Bank said that the greatest harm will be caused to oil exporters and those suffering from financial crises.
The bank added, in the analytical chapters of its new report (Global Economic Prospects), that emerging market countries that suffer from financial crises may witness a decline in their production by eight Percent over five years, while oil-exporting developing countries will lose 11 percent of their output.
