It could take more than 10 years for the world’s poorest people to recover from the economic fallout of the ongoing Covid-19 induced pandemic, according to a new report published on Monday by Oxfam International, which also revealed that at the same time the recession is over for the world’s richest billionaires who have recouped their losses within nine months since the pandemic began spreading across the globe. While an increase in inequality is almost certain, the extent of that increase and how quickly it can be reversed depends on what actions governments take, the Oxfam said, urging governments to act fast and “set concrete, time-bound targets to reduce inequality”.