Global wealth resilient amid covid-19 pandemic

Pedro Gonçalves
Global wealth resilient amid covid-19 pandemic

Global household wealth has proven resilient in the wake of the pandemic, showing a small increase in total wealth according to Credit Suisse's 2020 Global Wealth Report. Thanks to government and central-bank actions to mitigate the Covid-19 fallout, global wealth rebounded from an initial slump in the first quarter of the year, adding $1trn by June after ending 2019 at $399.2trn. "Given the damage inflicted by Covid-19 on the global economy, it seems remarkable that household wealth has e...

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