安联保险集团（Allianz）：2020年全球财富报告（英文版）（58页）.pdf

1、ALLIANZ GLOBAL WEALTH REPORT 2020 23 September 2020 04 Development of financial assets: Wealth immunity 18 Developments in global liabilities: Yesterday, all my (financial) troubles seemed so far away 38 Wealth distribution: Trend reversal 52 Appendices ALLIANZ RESEARCH ALLIANZ RESEARCH 2 A bumper y

2、earA bumper year 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 increa

3、se 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 . Crisis? What crisis?Crisis? What crisis? Then, Covid-19 hit the world

4、 economy and sent it into the deepest recession in 100 years. But will this wipe out huge chunks of wealth? Our estimates suggest that private households have been able to recoup their losses of the first quarter, recording a slight +1.5% increase in global financial assets by the end of the second

5、quarter of 2020 as bank deposits, fueled by generous public support schemes and precautionary savings, increased by a whopping +7.0% since the end of 2019. Its very likely that private households financial assets could end 2020 in the black . Walking on the safe sideWalking on the safe side Fresh sa

6、vings set a new record in 2019, increasing by +18.7% to almost EUR 3,000 bn. The increase, however, was mainly driven by U.S. households, which accounted for 61% of all fresh savings. Saving behaviors are still tilted to the safe side: Only U.S. households (and German ones) were net purchasers of se