Global Inequality is 'Staggering' – Oxfam

Wealth accumulated by the richest one percent will exceed that of the other 99 percent in 2016, says Oxfam

Oxfam says wealth accumulated by the richest one percent will exceed that of the other 99 percent in 2016.
 
Speaking head of the annual meeting of the world's most powerful at Davos, Switzerland, Oxfam executive director, Winnie Byanyima, points out that, “The scale of global inequality is quite simply staggering and despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast.”
 
It says the richest one percent's share of global wealth increased from 44 percent in 2009 to 48 percent in 2014, adding that it will be more that 50 percent in 2016.
 
To read the article titled, “Global inequality is 'staggering',” click here.

Source: 
IOL News

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