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Economics

The Countries That Avoided a Pandemic Inequality Disaster

Covid has threatened decades of economic progress. Some places have blunted the damage.

Illustration by 731; Getty Images (1) — Illustration by 731; Getty Images (1)
The pandemic has had lasting effects on income and wealth inequality around the world, the topic of the new season of the The Pay Check podcast from Bloomberg News.

By

Ben Steverman and

May 12, 2022, 8:00 AM UTC

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From 2000 to 2019, median incomes in poorer nations rose faster than in wealthy ones, and the number of people living in extreme poverty fell from more than one in four to less than one in 10.