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The coronavirus has caused a great deal of trouble and economic damage worldwide but it has also benefited the wealthy who claim that about 5.2m people live millions of dollars last year while the number of those needing about $ 50m rose by about a quarter.
A Credit Suisse report found that the world’s largest family-owned economy grew by about $ 28.7tn in 2020 as central banks flooded the financial and low-income markets, raising commodity prices.
Costing and accommodation increases all household expenses – property, plus property, debt reduction – approximately $ 418.3tn. This increase was in line with the 4.1% rise in volatile stocks – slightly lower in the middle of the last two decades even though the global economy was struggling with health problems and restrictions.
“The distinction between what has happened to real estate and what is happening to the economy would not be so dangerous,” a Credit Suisse report said. It found that the wealthiest people benefited the most from responses that enriched the economy, and that the gap between rich and poor grew in many lands.
Increased wealth among people with less than $ 1m increased almost fourfold from 2000 to $ 191.6tn, while their share of the global economy rose from 35% to 46%.
About 2.9bn people – equivalent to 55% of all adults – currently had less than $ 10,000 in total. “Economic disparities between adults have widened in 2020 around the world and in many countries,” said the paper, written by economists Anthony Shorrocks, James Davies and Rodrigo Lluberas.
The study estimates that there were 56.1m million worldwide by the end of 2020, up 5.2m from last year. About half of the millions of newcomers came from the US.
While nearly $ 90 million had less than $ 5m, about $ 7m was worth more than that. In the end, 215,030 had more than $ 50m in revenue – up from 173,620 recorded last year.
The authors wrote: “There may be a significant increase each year, but it is particularly noticeable in a year that is experiencing financial and economic crises.” “The impact of the epidemic has been devastating.”
Millions of people remained foreign to India, Indonesia and Russia, with almost one in a thousand people, and the need in China, about 200. This compared to 8% of the population in the US and 15% in Switzerland. Credit Suisse’s strategies also include real estate and real estate.
Countries affected by coronavirus infection were among those who recorded the highest growth rate at home prices. Profits were huge in North America and Europe, where the overall economy grew by about 10%, the study found.
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