不平等：主要趋势、政策挑战和全球经济契约的必要性

Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - The report highlights the fragility of post-COVID-19 recovery globally, primarily linked to subdued economic growth and increasing inequality, which poses risks to economic security and trust in multilateral systems [11][30][44]. - It emphasizes the need for wage-led growth strategies to address inequality at both national and international levels, suggesting that current trends in income distribution are detrimental to sustainable economic recovery [11][30][44]. Summary by Sections A. Introduction - The report discusses the structural dimensions of inequality exacerbated by the COVID-19 pandemic, noting a significant decline in the labour income share and an increase in profit shares since the 1980s [30][43]. B. Inequality in the Macroeconomic Context - The labour income share has decreased by approximately 5.5 percentage points globally since 1984, translating to an estimated $6.1 trillion shift from wages to profits in 2024 alone [30][43]. - Wage repression, driven by weakened labour market institutions, has prevented wages from keeping pace with productivity and living costs, leading to a projected continued decline in the labour income share [30][43]. C. Sectoral Analysis - The report identifies a significant productivity slowdown across various sectors, with job creation increasingly shifting towards lower-productivity sectors, which further exacerbates inequality [50][59]. - It notes that the service sector's expansion has not uniformly translated into productivity gains, particularly in economies lacking sector diversification [59]. D. Policy Recommendations - The report calls for a new international policy compact aimed at reversing key asymmetries in income distribution and promoting equitable growth [11][30][44].