Income Inequality Most Likely Threat to World Economy, WEF Says
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The widening divide in incomes between the poor and rich poses the most likely threat to the global economy over the next decade, according to the World Economic Forum.
Having surveyed 700 people including academics and executives ahead of its annual meeting in Davos, Switzerland, next week, the forum assessed 31 risks to global prosperity. Inequality in the wake of the international financial crisis and recession is proving a headache for governments worldwide as hiring and wage growth stay weak.