The report flagged that global inequality is shockingly entrenched and vast and the number of billionaires has doubled in the last decade, despite their combined wealth having declined in the last year. The WEF’s annual Global Risks Report has also warned that the downward pressure on the global economy from macroeconomic fragilities and financial inequality continued to intensify in 2019. Unpaid care work is the ‘hidden engine’ that keeps the wheels of our economies, businesses and societies moving. As per the global survey, the 22 richest men in the world have more wealth than all the women in Africa. Oxfam said its calculations are based on the latest data sources available, including from the Credit Suisse Research Institute’s Global Wealth Databook 2019 and Forbes’ 2019 Billionaires List.

Source: Huffington Post January 20, 2020 05:26 UTC