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Axios
Axios
Business

Global wealth to decline more than 2% in 2022, new report says

Allianz

Global wealth is on course to decline more than 2% in 2022, marking its first significant decrease since the 2008 financial crisis, according to a new report published by Allianz on Wednesday.

Driving the news: Noting that the war in Ukraine has “choked” the post-pandemic economic recovery, the report stated that 2022 will mark a definite “turning point.”

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