Reduced Inequalities
The global economy shows contrasting dynamics, with a resilient banking sector and declining labour income worsening inequality. While most countries have seen pro-poor growth, 12 per cent still live below 50 per cent of median income, with Latin America and the Caribbean most affected. Meanwhile, the refugee population has surged to 37.8 million, mainly from Afghanistan, the Syrian Arab Republic, Ukraine and Venezuela (Bolivarian Republic of), worsening the humanitarian crisis. Rising remittance costs further strain migrant workers, highlighting the need for policies to boost labour income, support refugees and enhance financial resilience for inclusive growth. The United Nations is tackling inequality through initiatives including the Social Protection Floors Recommendation, 2012 (No. 202), of the International Labour Organization, which promotes universal social protection. The United Nations Disability Inclusion Strategy ensures that the United Nations is fully equipped to address the rights and needs of persons with disabilities across all aspects of its work.