The Global Wealth Pool
The last decade was tumultuous for the global economy with several equity bear markets and the collapse of housing bubbles.
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The last decade was tumultuous for the global economy with several equity bear markets and the collapse of housing bubbles. Despite this, as a study by Credit Suisse reveals, the global pool of wealth has almost doubled in the period, driven by a resurgent Asia-Pacific and China. India did not do badly either, its wealth trebling to $3.5 trillion, but it still accounts for a minuscule share of global wealth.