World Bank Sounds Alarm on Rising Inequality, Calls for Better Data to Drive Inclusive Growth

World Bank Sounds Alarm on Rising Inequality, Calls for Better Data to Drive Inclusive Growth

The World Bank has warned that rising economic inequality poses a serious threat to global development, slowing progress toward poverty eradication and shared prosperity. Experts say the issue is not only a social challenge but also a fundamental barrier to long-term economic growth. According to World Bank specialists, including Indermit Gill, Luis Felipe López-Calva, Deon Filmer, and Haishan Fu, inequality—if left unchecked—undermines progress…