Recession to hurt poor countries most

The coronavirus pandemic may set back economic growth efforts in developing nations, World Bank President David Malpass told CNBC on Wednesday. 

Futher progress can be made on access to electricity, clean water and sanitation, Malpass said in a “Squawk on the Street” interview, “but the big worry is that we’re moving backward because of the global recession.”  

The Covid-19 outbreak has had devastating impacts on the global economy as the disease spread around the world after it originated late last year in China.

Supply chains have been disrupted, and tens of millions of workers have lost their jobs or had their hours reduced as governments implemented restrictions on economies to…