In 2022, global wealth is expected to shrink for the first time

In 2022, global wealth is expected to shrink for the first time
Global Fortune

In real terms, taking inflation into account, households worldwide could lose ten percent of their wealth in 2022.

(Foto: Moment/Getty Images)

Frankfurt. For the first time in a long time, the financial assets of people around the world are expected to shrink again. According to the Allianz Global Wealth Report, the war in Ukraine choked off the post-coronavirus recovery. With high inflation and rising food and energy prices, as well as rising interest rates, financial prosperity will be difficult for many to maintain in the coming years.

Against this background, according to the Allianz analysis, global financial assets are likely to fall by more than two percent in 2022, which would be the first significant loss of assets since the 2008 financial crisis. In real terms, taking inflation into account, households could even lose ten percent of their assets.

Chief economist Ludovic Subran and Arne Holzhausen, head of Insurance & Wealth Markets, presented the study on Wednesday. They believe liquidity will be the order of the day in 2023, and they expect bond markets to make a comeback.

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