You are here: Home - News -

UK and US HNW markets to ‘perform strongly’ until 2015

by:
  • 14/06/2012
  • 0
UK and US HNW markets to ‘perform strongly’ until 2015
The UK and US are expected to “perform strongly” compared to other mature markets, in terms of the wealth held by millionaires over 2012-15.

The ten largest markets in 2011 were the UK, Japan, China, Germany, Italy, Canada, France, Brazil and Italy, according to research carried out by Datamonitor.

Its report, The Global Wealth Market in 2012 found that markets such as Italy and France are slowly dropping towards the bottom of the list, with France already at number 10 in 2012.

Portugal, Ireland, Italy, Greece and Spain (PIIGS) are among the worst performers at a global level, with their tightening fiscal policies, austerity measures, competitive labor markets and low GDP growth rates.

Spain was in the 2006 top 10 largest market list, but the collapse of its housing market coupled with the growth seen in India and Brazil contributed to the Spanish market falling out of the top 10 in 2011.

However, Datamonitor said Ireland is expected to enjoy resurgence and will outperform the other PIIGS economies.

It said: “The remarkable recovery of the Irish wealth market over 2012-15 will mainly be driven by strong economic performance. However, this robust performance is tainted by the uncertainty surrounding the future of the euro and elevated stock market volatility.”

Graph: Largest markets by balances held by millionaires, 2006 vs. 2011 vs. 2015

[Source, Datamonitor]

hnw-graph

 

 

There are 0 Comment(s)

You may also be interested in