Oxfam’s latest assessment shows that extreme inequality has deepened, with the richest 1% now owning more wealth than the bottom 50% of the world’s population combined. The report highlights that despite global economic growth, poverty rates remain stubbornly high, especially in low‑income regions.

Key findings point to corporate tax avoidance, debt traps, and insufficient social safety nets as primary drivers of inequality. Oxfam calls for urgent policy reforms, including progressive taxation, debt relief, and stronger enforcement of international trade rules to protect vulnerable communities.

The organization urges governments and multinational corporations to align their practices with principles of justice and reparations, ensuring that the benefits of economic development are equitably shared.

Source: Oxfam, 03 Nov 2026