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Tuesday, 22 November 2016

Qatar and UAE top in average wealth in the region | GulfNews.com

Qatar and UAE top in average wealth in the region | GulfNews.com:
"Qatar and UAE topped in the average wealth per person in the Middle East and North Africa region Global Wealth Report 2016 from Credit Suisse Research Institute (CSRI).
Growth in global wealth remains limited in 2016 with trend reflecting in the growth trends in the Middle East and North Africa region. The report shows, total global wealth in 2016 edged upwards by $3.5 trillion to a total of $256 trillion (or 1.4 per cent) and average wealth per adult was at $52,800.
“The consequences of the 2008-2009 recession will continue to have a material impact on growth, which is pointing more and more towards a long-term stagnation. The emergence of a multipolar world, confirmed by the impact of the Brexit vote in the UK and by the US Presidential election, is likely to exacerbate such a trend, which could possibly lead to a new normal lower rate of wealth growth,” said Loris Centola, Global Head of Research of International Wealth Management."

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