Article BJY2 OECD: large banking sectors widen inequality and slow growth

OECD: large banking sectors widen inequality and slow growth

by
Heather Stewart
from Economics | The Guardian on (#BJY2)

Organisation for Economic Co-operation and Development report finds growth is stifled in countries where strong financial industries are expanding

Countries with bigger banking sectors suffer weaker growth and worse inequality, according to a report from the Organisation for Economic Co-operation and Development (OECD).

Related: Pay low-income families more to boost economic growth, says IMF

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