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We used to think a silver lining to economic downturns was that inequality halted. But new research suggests recessions speed inequality up.

New evidence is transforming the way we look at long-term trends in economic inequality. This column reconstructs wealth inequality in the German area over five centuries. The significant declines in inequality triggered by the Black Death and again by the Thirty Years’ War of 1618–1648 and the plague that followed provide strong support for the potential levelling effects of

We don’t expect a recession in 2022. Real GDP growth will range between 3.0% to 3.5%.

In the aftermath of past pandemics, fiscal policy played an important role in reducing or amplifying income inequality. This column predicts the likely distributional effects of Covid-19 by analysing evidence from five previous outbreaks (SARS, H1N1, MERS, Ebola, and Zika). It finds that severe austerity measures were associated with inequality increases three times greater

It's been argued that pandemics are the great leveller, but with COVID the opposite is true – and we can't afford to ignore it.