17-08-2023, 01:48 PM
(17-08-2023, 09:52 AM)surfer Wrote: If you read the first sentence…… while the average household increased its financial standing by 6.3 per cent on a per adult basis. Not asset price increase.
...and if one reads the last paragraph which points blaming finger at US monetary policy that exported its inflation to others.
Mr Anthony Shorrocks, economist and author of the report, said that much of the decline in global wealth – the first since the 2008 financial crisis – was due to inflation and the strength of the US dollar against other currencies.
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