1、Research Institute Thought leadership from Credit Suisse and the worlds foremost experts October 2020 Global wealth report 2020 2 Editorial The COVID-19 pandemic has had a huge impact on regions all around the globe and affected peoples lives in countless ways. How it has impacted wealth and the dis
2、tribution of wealth is the subject of this special Credit Suisse Global Wealth Report 2020. Given the difficulties encountered in assembling our full dataset in these turbulent times, we have chosen to publish an interim edition of the Global Wealth Report for 2020. We will publish a full edition in
3、 the second quarter of 2021, providing further insights into the impact of the pandemic on global wealth. Whereas 2019 was a year of tremendous wealth creation total global wealth rose by USD 36.3 trillion during the year our experts estimate total household wealth dropped by USD 17.5 trillion betwe
4、en January and March. From March onward, stock markets have rebounded and house prices have soared, and the data available for Q2 2020 suggests that household wealth is roughly back to the level at the end of last year. Lower economic growth for some time and changes in corporate and consumer behavi
5、or will result not only in lost output, but also in redun- dant facilities as well as sectoral changes that may restrain household wealth accumulation for many years. Thus our authors believe that household wealth will, at best, recover slowly from the pandemic throughout 2021. Among major economies
6、, only China is projected to see material gains in wealth over the period. Without the pandemic, our experts best estimate of global wealth per adult would have risen from USD 77,309 at the start of the year to USD 78,376 at end-June. Instead, the pandemic has caused average wealth to drop to USD 76