Covid 19 likely to widen inequality – IMF official

Pandemic

The Covid-19 pandemic is very likely to generate a larger increase in inequality than other pandemics, according to a senior official from the International Monetary Fund.

Covid-19 was “much more severe” in its economic impact effects than previous pandemics, said Jonathan Ostry, deputy director of the IMF’s Asian department.

Past pandemics have tended to wipe out huge swaths of the labour force, resulting in a “perceptible increase” in inequality, Ostry said on the IMF’s latest podcast. As a

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