News Asia24 Sep 2020

Global:Private households expected to have recouped 1Q20 financial losses

| 24 Sep 2020

Private households have been able to recoup their losses of the first quarter of this year and recorded a slight 1.5% increase in global financial assets by the end of the second quarter 2020 as bank deposits, fueled by generous public support schemes and precautionary savings, increased by a whopping 7.0%, says global insurer Allianz in its latest "Global Wealth Report".

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