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Print The COVID-19 pandemic has led to over a million deaths globally and also caused a decline in individual wealth all over. However, the household wealth in India and China not only largely held up but even increased, according to the Credit Suisse Group AG’s 2020 Global Wealth Report released. “Given the damage inflicted by COVID-19 on the global economy, it seems remarkable that household wealth has emerged relatively unscathed,†said economist Anthony Shorrocks, one of the report’s authors, adding as a caveat that the findings are based on provisional household balance sheets for the second quarter issued by a...
