Recession is over for the richest few, while billions will live in poverty for at least a decade

The Covid-19 pandemic has the potential to increase economic inequality in almost every country globally at once, according to a new report revealed by Oxfam on Monday. The report, called ‘The Inequality Virus’, was published on the opening day of the World Economic Forum in Davos, which is being held virtually this year. It showed that the 1,000 richest people on the planet recouped their coronavirus losses within just nine months, but “it could take more than a decade for the world’s poorest to recover from the economic impacts of the pandemic.” “The rigged economic system is enabling a super-rich elite to amass wealth in the middle

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Last updated : 25 January 2021 clock 05:30 PM

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