Skip to content
International Adviser
  • Contact
  • Login
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • M&A Deals
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Square Mile Research
  • My IA
    • Events
    • Directory
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

SIGN IN INTERNATIONAL ADVISER

Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details

[login-with-ajax]
Not Registered?

India and China to contribute 40% of world growth: report

By International Adviser, 7 Sep 11

It is expected that India and China will contribute more than 40% of global growth in 2011 and 2012.

It is expected that India and China will contribute more than 40% of global growth in 2011 and 2012.

The first Julius Baer Wealth Report to focus on Asia, published today (Wednesday 31 August), it provides an analysis of the High Net Worth Individuals (HNWI) in the Asia region.

In the report, Julius Baer said it expects the estimated 1.16 million HNWIs in Asia, with wealth of around $5.6trn in 2010, to more than double to 2.82 million by 2015, with these individual’s wealth expected to triple to $15.81m over the same period. China alone is forecast to have 1.4 million HNWIs with wealth of $8.76trn by 2015.

However, Indonesia stands out as having the highest expected rate of growth for HNWIs over the five year period, with an expected increase of 25% – bringing the total number of HNWIs to 99,000, with wealth of $487m by 2015.

In addition to the report, Julius Baer has launched the Julius Baer Lifestyle Index which aims to capture consumption costs in Asia Pacific and the inherent inflation. The index is based on a basket of luxury goods and services which, according to Julius Baer, represent discretionary purchases of HNWIs in the region. It covers high-end vendors across four major cities: Hong Kong, Shanghai, Singapore and Mumbai.

Julius Baer said the index was up 11.7% for a one year time period until April 2011 indicating clearly that the cost of living in Asia substantially outpaces conventional Consumer Price Index measures, which stood at 5.1% over the same period. The private banking group said the new index will give investors direction in terms of future investment returns required to finance a certain lifestyle as well as an indication of the underlying inflation.

Tags: Julius Baer

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Europe

    Pre-II Connect Q&A: Isle of Man’s Simon Pickering and Michael Crowe

    Companies

    IA Global Financial Services Awards 2025 shortlist revealed

  • Asia

    MAS imposes six year ban on Singapore adviser for forgery and cheating

    Companies

    Isle of Man FSA sets out two-year financial crime prevention programme


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.