Income inequality declining in some Asian countries
Singapore
THE gap between the rich and the poor has been growing across the world. But there is a handful of countries in the Asia-Pacific region where it has decreased, and it isn't just the Piketty effect.
The population-weighted mean Gini coefficient for the entire region rose from 33.5 to 37.5 between the 1990s and 2014, with income inequality particularly wide in the biggest developing countries, including China, India and Indonesia.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Bank of Japan upbeat on consumption, service price outlook
Any pivot on rates by Fed will mean more blood in stock markets
IMF boosts Asia growth forecast this year on China, India
Australian retail sales unexpectedly decline, currency drops
South Korea’s March factory output falls most in 15 months
Deflation reaches UK stores as non-food prices fall 0.6%