World Wealth Report 2020: North America surpasses Asia-Pacific in High Net Worth Individual wealth growth for the first time in eight years while COVID-19 brings uncertainty
Capgemini
Paris, July 9, 2020 – High Net Worth Individual (HNWI) wealth and population grew by almost 9% globally in 2019 despite a global economic slowdown, international trade wars and geopolitical tensions, finds the from Capgemini. North America and Europe took the lead with around 11% and 9% growth respectively, surpassing Asia-Pacific (with 8%) for the first time since 2012. Yet the boom of the previous year has been cloaked with uncertainty as global economies brace for a projected 4.9% decline in 2020 as per the International Monetary Fund.
Comments