Covid 19 likely to widen inequality – IMF official


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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: