Gap between rich and poor at highest level in decades: IMF

By Gareth Hutchens
Updated June 16 2015 - 5:09pm, first published 4:48pm
The report warns that policymakers "need to focus on the poor and the middle class" if they want to boost economic growth globally. Photo: Tanya Lake
The report warns that policymakers "need to focus on the poor and the middle class" if they want to boost economic growth globally. Photo: Tanya Lake
The report warns that policymakers "need to focus on the poor and the middle class" if they want to boost economic growth globally. Photo: Tanya Lake
The report warns that policymakers "need to focus on the poor and the middle class" if they want to boost economic growth globally. Photo: Tanya Lake
The report warns that policymakers "need to focus on the poor and the middle class" if they want to boost economic growth globally. Photo: Tanya Lake
The report warns that policymakers "need to focus on the poor and the middle class" if they want to boost economic growth globally. Photo: Tanya Lake
The report warns that policymakers "need to focus on the poor and the middle class" if they want to boost economic growth globally. Photo: Tanya Lake
The report warns that policymakers "need to focus on the poor and the middle class" if they want to boost economic growth globally. Photo: Tanya Lake

The International Monetary Fund has warned that the gap between rich and poor in advanced economies is now at its highest level in decades, making widening income inequality the "defining challenge of our time".

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