In that Message, I predicted that the world economy would be in crisis yet once again in 2020. In economics, a crisis in the economy takes place when the gross domestic product (GDP) falls, prices rise too high in the midst of a liquidity crunch. Let us look at some data about how the world economy has fared in terms of meeting the WEF objective of making the world a better place in terms of improving living conditions globally and sustainably. The World Development Institute of the United Nations University indicates that by 2000, 1% of the world’s adults owned 40% of the global assets. The international NGO, OXFAM, states that the 85 wealthiest persons in the world have a combined wealth equal to the wealth of 50% of the world’s population.

Source: Front Page Africa January 24, 2020 05:15 UTC