Asia-Pacific personal wealth growth soars ahead of US and Europe – Credit Suisse
The Asia-Pacific region has accounted for 54% of all new global wealth creation since 2010 and emerging markets are set to drive global wealth creation during the next five years, according to Credit Suisse's annual Global Wealth Report
The Asia-Pacific region has been a major contributor of global wealth growth during the past year, accounting for 36% of all global wealth creation since 2000, and 54% since January 2010, says Credit Suisse in its second annual Global Wealth Report released on October 19. In the next five years, global wealth is expected to rise by 50% to $345 trillion and wealth per adult to increase by 40% to reach $70,700, led by growth in emerging markets.
The report also finds there is considerable scope
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