Global wealth grew by slowest rate in 5 years in 2018: BCG

Gains in global personal wealth ground to a near-halt in 2018, rising just 1.6% for the weakest growth in five years, according to an analysis by Boston Consulting Group (BCG). The Boston Consulting Group's annual global wealth report found that the world's wealth rose by a slim 1.6% to $205.9trn in 2018, far below the 7.5% rate seen in 2017. The "ripple effect" from the worst stock market in 20 years hit HNWIs, and undercut wealth managers' ability to turn a profit, BCG noted. Factor in the effect of a rebounding US dollar and asset values actually declined 1.6% last year, wiping ...