Wealth gains in a pandemic and no easy answers on inequality

Singapore

A GLOBAL wealth report by Credit Suisse found that in a pandemic-hit year where Singapore experienced its worst-ever recession, wealth gains here continued to point north, moving in the opposite direction as the city-state's gross domestic product (GDP).

It adds to existing evidence that Covid-19 has deepened the gulf between the rich and the poor, with economists mixed on whether this growing wealth inequality in Singapore is a problem that needs to - and can - be solved.