[VIDEO] Covid-19 to worsen inequality gap between B40, T20, says economist

Ragananthini Vethasalam Mastura Malak Hasmizar Hassan Fikri Ghazali

COVID-19 will widen the gap between the bottom 40 and the top 20 income groups, said economist Dr Muhammed Abdul Khalid.

The economic adviser to former prime minister Dr Mahathir Mohamad said inequality has already increased even before the pandemic as the accrued income of the top-earning group was higher than the B40 group.

The pandemic may not affect the wealthy as much as it affects the B40 group, especially those in the informal sector, he told The Malaysian Insight. – December 3, 2020.

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