The news brought by the World Bank’s Global Economic Prospects report was not good. First we have the forecast for global growth (https://www.worldbank.org/en/publication/global-economic-prospects). This is now down to 1.7%, well below the 3% previously forecast in June. For developed economies, the forecast is for growth of just 0.5% in 2023, just above the typical recession …
Tag: social inequalities
Necessity of the Restructuring of the Tax Systems after the end of the Pandemic
Many economies around the world have struggled to maintain a certain level of tax revenue without reducing any current levels of social well-being. Wages in most of the population, especially for low-skilled workers, were low. But the same thing happened with the drastic reduction of the middle class since the onset of the global financial …