A new report by Credit Suisse has found that the coronavirus pandemic has led to a decline in individual wealth worldwide. However, household wealth in China and India has bucked the trend.
According to the study, 2019 was a good year in terms of wealth creation. Total global wealth rose by $36.3 trillion, while wealth per adult increased by 8.5 percent compared with 2018 – “thus helping to cushion the blow caused by the Covid-19 pandemic.” Despite the stock market turmoil seen in the spring, household wealth is now slightly above the levels recorded at the start of the year, it said.
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