clusters, the medium-term dynamics since 2020 are far aggregate but can diverge rapidly at the country level. convergence and more by domestic policy choices, 2024, showing dispersed results across countries. Within each region, trajectories have diverged markedly: some economies consolidated post-pandemic stabilization, while others slipped back amid political volatility, inflation pressures or reform fatigue. Latin America illustrates this markets are now facing a "middle-SRI trap", which medium-term rebound since 2020 (+1.8pts), several large to renewed stress. Emerging Asia has returned above its Kharas in 2007°. High-income countries that remain pre-pandemic level at the aggregate level (+1.0pt since 2020), but underlying institutional and social cohesion nationalist or populist leaders, reflecting underlying paths vary significantly across countries. Europe, despite dissatisfaction with economic opportunity, social mobility high starting levels, underperformed in the short term (-1.5pts in Emerging Europe since 2020), reflecting coincides with rising political volatility, weaker reform geopolitical strain and uneven institutional adjustment. capacity and declining policy predictability, with negative 6 Source: Kharas, H. and I. Gill(2007), An East Asian Renaissance: Ideas for Economic Growth, World Bank, http://hdl.handle.net/10986/6798.