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The impact of the COVID-19 pandemic

The impact of the COVID-19 pandemic

The severe impact of the COVID-19 pandemic is clearly seen in the numbers: more than 3.1 million deaths and rising, 120 million people pushed into extreme poverty, and a massive global recession. As suffering and poverty have risen, some data show an increase in another extreme: the wealth of billionaires. With both ext...

The gap between rich and poor during the pandemic

The gap between rich and poor during the pandemic

Covid-19 is reopening a rift between economies inthe worlds richest and poorest nations,driven by growth rates that are moving firmly in opposite directions. In the U.S., economists are forecasting a return to boomtime growth levels of the roaring 20s; Chinas economy expanded at a record 18.3% in the first quarter; and ...