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OECD: Reducing Inequality Would Boost Economic Growth

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Moves by national governments to reduce inequality between their rich and poor citizens would help to lift economic growth, the Organization for Economic Co-operation and Development said on Tuesday. The Paris-based think tank wrote in a report that high income inequality had a “negative and statistically significant impact” on growth as a widening gap between rich and poor often concealed falling income for all but the richest groups. “The single biggest impact on growth is the...

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