The COVID Middle-Income Trap
COVID-19 has had a devastating impact on middle-income countries, especially in Latin America. By helping these countries to overcome the pandemic and its economic fallout, the international community will be acting in its own interests, too.
WASHINGTON, DC – The coronavirus pandemic has had a devastating impact on middle-income countries (MICs). With the exception of the United States, the ten countries with the highest number of COVID-19 cases to date are all MICs. And the same is true for new daily cases and COVID-19 deaths per million population.