Pandemic reversing improvements in wealth inequality, World Bank says — RT World News


Governments’ responses to Covid-19 are reversing gains made in combating global inequality, according to a World Bank report. It found the virus was disproportionately affecting the poor and warned the fallout would worsen.

World Bank President David Malpass explained that the situation arose from a confluence of negative factors, leading to a perfect storm of economic depression. “The world economy is simultaneously facing Covid-19, inflation, and policy uncertainty, with government…



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