Oxfam – The Inequality Virus

The Report titled as – The Inequality Virus was released by Oxfam International.According to the report, it took just nine months for the fortunes of the top 1,000 billionaires to return to their pre-pandemic levels, while for the world’s poorest, recovery could take more than a decade. It makes significant observations regarding the effects of COVID on poor and destitute.

• Rise in Number of Poor: It is estimated that the total number of people living in poverty could have increased by between 200 million and 500 million in 2020, which will reverse the decline in global poverty witnessed over the past ....