Datamonitor: Wealth Shifting to China and Other Emerging Economies
UK’s Datamonitor draws similar conclusions to an earlier report by the Boston Consulting Group.
Excerpted from IBNlive.com:
Datamonitor’s 2012 global wealth market report said the world order of wealth markets is witnessing a tilt towards emerging economies which are expected to overtake their Western European counterparts going forward. The top 10 wealth markets, in terms of dollar millionaire holdings at the end of 2011, in descending order, were the US, Japan, China, the UK, Germany, Italy, Canada, France, Brazil, and India. Moreover, the cumulative value of the liquid assets held by millionaires in the emerging economies of Brazil, China, and India are likely to triple to USD 4.6 trillion from USD 1.5 trillion between 2006 and 2015.
Top 10 wealth markets in 2015 will be the US at number one, with China in second place, followed by Japan, the UK, Germany, India, Brazil, Italy, Canada, and France, it added. Some of the mature markets have, however, proven more resilient, with the UK and the US, in particular, expected to perform strongly. The US will remain the largest high net worth market in the world till 2015, the report said. Spain’s fall from the top 10 wealth market in 2011 was largely due to the combination of its poor performance and the explosive growth seen in India and Brazil.
UK’s Datamonitor draws similar conclusions to an earlier report by the Boston Consulting Group.
Excerpted from IBNlive.com:
Datamonitor’s 2012 global wealth market report said the world order of wealth markets is witnessing a tilt towards emerging economies which are expected to overtake their Western European counterparts going forward. The top 10 wealth markets, in terms of dollar millionaire holdings at the end of 2011, in descending order, were the US, Japan, China, the UK, Germany, Italy, Canada, France, Brazil, and India. Moreover, the cumulative value of the liquid assets held by millionaires in the emerging economies of Brazil, China, and India are likely to triple to USD 4.6 trillion from USD 1.5 trillion between 2006 and 2015.
Top 10 wealth markets in 2015 will be the US at number one, with China in second place, followed by Japan, the UK, Germany, India, Brazil, Italy, Canada, and France, it added. Some of the mature markets have, however, proven more resilient, with the UK and the US, in particular, expected to perform strongly. The US will remain the largest high net worth market in the world till 2015, the report said. Spain’s fall from the top 10 wealth market in 2011 was largely due to the combination of its poor performance and the explosive growth seen in India and Brazil.