Asia's private wealth to beat Europe's for first time amid Brexit uncertainty: BCG
Edinburgh
PRIVATE wealth in Western Europe is set to fall behind the Asia-Pacific region for the first time this year, partly as a result of the political and economic uncertainty unleashed by Brexit, according to the Boston Consulting Group.
Western Europe's private household wealth grew by 3.2 per cent to US$40.5 trillion last year, the smallest increase of any region, while the Asia-Pacific had a surge of 9.5 per cent to US$38.4 trillion, the consulting firm said in a report on Tuesday. Those totals are expected to climb to US$41.9 trillion and …
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Meta profits soar but costs of AI cause worry
IBM falls on weak consulting sales, overshadowing HashiCorp deal
Oil settles lower as US business activity cools, concerns over Middle East ease
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
TikTok suspends new app’s reward programme amid EU concerns