CHAPTER4FALLINGGRADUATIONPROSPECTSLow-IncomeCountriesinthe21stCentury2EXECUTIVESUMMARYGLOBALECONOMICPROSPECTSJANUARY2025ExecutiveSummaryTherateatwhichlow-incomecountries(LICs)Generatinggrowthaccelerationscanfast-trackaretransitioningtomiddle-incomestatushasLICgraduationandyieldlargeimprovementsslowed.ineconomicanddevelopmentoutcomes.In2000,63emergingmarketanddevelopingWithpoliticalstabilityandsupportivepolicies,economies(EMDEs)wereclassifiedaslow-LICscanachievetransformativegrowthaccelera-incomecountries(LICs).Theywerehometotions—sustainedperiodsofsubstantiallyhighermorethan60percentofthe1.8billionpeoplepercapitagrowth,duringwhichoutputbecomesworldwideth...
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