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  [Euler Hermes] October 2021: APAC Economic & Risk Insig¡¦
  ±Û¾´ÀÌ : °ü¸®ÀÚ ³¯Â¥ : 21-11-01 09:34         

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October 2021
Asia, the undisputed growth champion

 

Hi Sophia (Ha Jeong),

Our latest economic report is out! 2020 was the year of extreme contrasts. The novel Covid-19 virus destroyed millions of lives and livelihoods, plunging the global economy into its deepest recession since World War II.

The discrepancy between wealth and economic growth has rarely been as pronounced as in 2020: Global financial assets grew by a staggering 11.6 percentage points more than economic output.

Asia (ex Japan) is the undisputed growth champion, with per capita financial assets having increased more than fivefold on average since 2000. This is twice as fast as in the two other emerging regions, Eastern Europe and Latin America.

 

 

 

 

 

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