U.S. Economy Will Grow But Not Trickle Down, OECD Warns on Inequality

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WASHINGTON - Even though the U.S. economy is expected to grow over the coming two years, inequality will not improve without policy reforms, a major grouping of rich countries is warning.
President Barack Obama has named income inequality the “defining challenge of our time”, that concern is now being backed up by two new reports from the Organisation for Economic Cooperation and Development (OECD), an international body of 34 developed countries.

According to the OECD inequality was a direct cause of the [2007-08] financial crisis … but contrary to popular thought, there doesn’t need to be a trade-off between growth and inclusivity. (END//2014)

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