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IMF Concerned Over Widening Income Inequality

Income inequality is hurting the potential for growth worldwide, and the best way to tackle that is through helping the poor and the middle class, according to a new study by the International Monetary Fund (IMF). “Widening inequality is hardly a debated issue,” Kalpana Kochhar, Deputy Director of Strategy, Policy and Review Department at IMF said on Monday. “The gap between the rich and the poor is at the highest level in decades in advanced countries, and inequality is also rising in...

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