eprivateclient

Mega-rich recoup COVID-losses and could "pay for a vaccine for everyone in the world", Oxfam claims

News Team, 26/01/2021

The 1,000 richest people on the planet recouped their COVID-19 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, a new Oxfam report has claimed. 

The Inequality Virus has been published to coincide with the opening day of the World Economic Forum’s ‘Davos Agenda’.

The report claims that COVID-19 has the potential to increase economic inequality in almost every country at once - the first time this has happened since records began over a century ago.

Oxfam say rising inequality means it could t...


Continue reading this article...


Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@eprivateclient.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM

Subscribers

eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more