WORLD ECONOMY SHRINKS IN 2020


10/07/2020




Serhat TUNAR -TDO- The Capgemini Research Institute, which analyses the economy and countries ' welfare levels, released its report after the Coronavirus outbreak.

Within 3 months of the Coronavirus outbreak, the global economy shrank by 3 percent. However, the number of millionaires and billionaire rich around the world has risen by 9 percent in the past year, and the wealth of the rich around the world has risen to $ 74 trillion.

According to the report, while 18 trillion dollars were wiped off world markets due to the Coronavirus outbreak in the first quarter of 2020, the number of rich people with wealth of $ 1 million and above has increased dramatically. Also, the global wealth of the rich has risen by 8 per cent in 2019, compared with 2020, despite the stagnation of markets, according to the report.


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