Allianz Global Wealth Report 2020
In 2019, central banks saved the day and gave stock markets around the globe strong tailwinds, bestowing households with the fastest growth in financial assets since the Great Financial Crisis (GFC): Gross financial assets jumped by +9.7% in 2019 and reached EUR 192 trn. This increase was widespread, with both emerging and advanced countries growing in sync. But while advanced markets clocked the strongest growth since the turn of the century, for Emerging Markets, it was only the fastest growth since 2016.
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