The 2020 Global Wealth Report released by Credit Suisse Group AG on Thursday 22 October. The report shows that global wealth, which slipped in the first quarter of the year, rebounded after necessary action taken by governments and RBI to mitigate the effects of the pandemic.  This helped the global wealth to add USD 1 trillion by June after ending 2019 at USD 399.2 trillion.

The release based on provisional household balance sheets for the second quarter (Q2) issued by a few countries indicted that only China and India witnessed gains in household wealth in the first half of 2020, growing by 4.4 percent  and 1.6 percent, respectively. On the other hand, Latin America slipped the most, with 13 percent declines, as currency devaluations elevated losses in the gross domestic product (GDP). Wealth per adult declined to an average of USD 76,984 from USD 77,309 at the threshold of the year, the report said citing its findings. Switzerland, the Netherlands, Taipei and Hong Kong witnessed gains, while Norway and the UK posted the biggest falls. Global wealth creation is anticipated to recover the next year since the economy is expected to gain momentum. Among the major economies, China is expected to be the clear winner, as per finding.

It is viewed that after the outbreak of COVID-19, that killed over one million people globally, there was a decline seen  in individual wealth globally, but only temporarily.

The global study of human health revealed this regarding the coronavirus

Germany is the highest-ranked country in Europe for its COVID-19 response