When the government starts to pay for your TV service, the real cost is in your pocket

Posted October 15, 2020 07:50:49A report by the World Bank has found that even if the world is in the midst of an economic recovery, a large majority of households will not see an economic boost as a result of government programs.

The report, which was released today by the International Monetary Fund (IMF), said the number of people living in countries where the average annual income per capita is less than $1,000 would be at its lowest level in five years if all the government spending programs were combined.

“The world is still recovering from the 2008 global financial crisis, and the world economy is still struggling to recover from the Great Recession,” said Jim Yong Kim, chief economist for the IMF.

“In countries with higher income inequality, governments are likely to continue to provide assistance to the wealthy.”

Kim said that a country’s GDP per capita can be a measure of how much it can produce, but it is also a measure that can also be misleading.

“In many cases, a country will benefit from increased economic activity in the short run, but in the long run, increased GDP per person could lead to reduced social mobility and a reduced ability to take advantage of other social mobility opportunities,” he said.

While countries that are experiencing rising income inequality may see a rise in the number and share of poor people, it could also lead to a decrease in economic activity.

The report also pointed out that the majority of people will continue to live in households with less income than they were five years ago.

That means that many people will still be earning below the poverty line, and there will be an increase in poverty rates, Kim said.

The World Bank said in a statement that it is “confident that there will continue be significant benefits to countries from the recovery of the global economy, including through increased economic growth, increased health and education outcomes, and improved quality of life for their people.”

“This should not be a reason for complacency or complacence,” Kim said in the statement.

“There are still large obstacles to overcome, and it is important that governments take immediate action to address them.”

The IMF’s report said it was not clear what the overall impact of the financial crisis would be for countries.

The country with the highest share of the population in poverty would be the US, with a poverty rate of 35.3%.

The US has a high level of income inequality because of the way it taxes the richest citizens, and because it has a lower rate of health care coverage for the poorest people, the report said.

“The most important lessons from the financial downturn are that there is a significant cost to living standards for most people,” Kim told Reuters.

“We know that people’s incomes are higher today than they would have been five years prior.”

Follow Reuters’ China news at:  twitter.com/ReutersChina

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