The pandemic may have hit everyone in a myriad of ways but global figures show that it hit the less well off considerably more than it did the wealthy.
An Oxfam report earlier this year found the world’s 10 richest men saw their wealth increase by half a trillion dollars during the pandemic, noting it could take up to a decade for the world’s poorest to recover. A survey of economists worldwide, also from Oxfam, found that 87 per cent of people felt that pandemic would lead to an increase or a major increase in income inequality in their country.
You’ve reached an article that is only available to Irish Times subscribers.
Subscribe today and get the full picture for just €1 for the first month.
No obligation, cancel any time.