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IMF says Covid-19 pandemic might widen wealth differences in Europe

IMF's Kristalina Georgieva praised EU govts for putting more than 3 trillion euros in fiscal support for firms and households, including job-retention schemes that helped more than 54 million workers

International Monetary Fund Managing Director Kristalina Georgieva addresses the fall meetings of the International Monetary Fund and World Bank in Washington
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"But the path to recovery is ... uneven... because of the difference in starting positions, economic structure and capacity to respond, causing inequalities to grow both across and within countries," she said

Reuters
The Covid-19 pandemic is likely to widen wealth gaps in Europe unless policymakers help end the health crisis globally, support economies until the pandemic is over and invest in making economies greener, the International Monetary Fund said.
 
In a speech to a European Parliament conference on Monday, IMF Managing Director Kristalina Georgieva praised EU governments for putting more than 3 trillion euros in fiscal support for firms and households, including job-retention schemes that helped more than 54 million workers.
 
"But the path to recovery is ... uneven... because of the difference in starting positions, economic structure and capacity to respond,