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Overcoming the ‘middle-income’ trap is getting harder

Location:

INT

Population ageing makes it harder for the major emerging markets (EMs) to overcome the so-called ‘middle-income’ trap

Russia's low real incomes present insoluble challenge

Location:

RUSSIA

Incomes have fallen in real terms for the fifth year in a row

Stimulating skills is key to emerging markets growth

Location:

INT

Human capital will become as key to low-to-mid-income countries as it is for high-income ones

Taxing capital over income and spending needs momentum

Location:

INT

Wealth is more unequal than income; tackling property prices and tax is more crucial for some nations than others

Politics will temper US income inequality debate

Location:

UNITED STATES

Persistent social inequalities underline top-level US household income growth

Many middle-income states face a fragile recovery

Location:

INT

The G20 summit pledged vaccine equity to help low-and-middle-income nations, but not broader economic commitments

Russia’s real income fall has political implications

Location:

RUSSIA

COVID-19 restrictions have fuelled unemployment and made Russians poorer all round

Widening wealth disparities will drive populist voting

Location:

INT

Wealth is more unequal than incomes; countries with stable or falling income inequality will increasingly address wealth

Middle East and North Africa face rising tax issues

Location:

MIDDLE EAST/NORTH AFRICA

Personal income tax take by regional governments is very weak due in part to the size of the informal economy

COVID-19 spread halts developing nations' GDP catch-up

Location:

INTERNATIONAL

Amid fears of another COVID-19 wave in high-income nations, developing nations are struggling to control the first wave