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economic recovery
Business / 23 weeks ago
The fastest-growing millionaire populations: Countries to watch
As economic recovery and wealth policies reshape the landscape of high-net-worth individuals, the UBS Global Wealth Report shines a spotlight on the countries with the fastest-growing millionaire populations. Here’s a detailed look at the key findings, projections, and what they mean for the global economy. According to the report, Taiwan leads the pack with an astounding 47% growth rate in its millionaire population. This growth is fueled by the country’s tech-driven economy, a thriving semiconductor industry, and strong exports.
Business / 37 weeks ago
The disturbing unemployment rate in Europe
Recent data from Eurostat indicate that the European Union’s seasonally adjusted unemployment rate declined to approximately 5.9% as of December 2024, compared to 6.1% a year earlier. The rate hovers around 6.3% in the euro area, and it has remained remarkably stable over recent months despite broader economic headwinds. This stability reflects a recovery from past crises and the cautious optimism of policymakers who have implemented a range of structural reforms and targeted fiscal measures.
