Switzerland retains top spot in global wealth ranking as world gets richer

Last year, the global population became wealthier overall. As a result, global wealth rebounded from the decline seen in 2022. Switzerland retained its top position in the UBS Global Wealth Report. Switzerland once again took the top spot in the report published on Wednesday by the Swiss bank. The world got progressively richer in 2023, across all wealth segments, UBS wrote in the annual study. UBS experts anticipate that the rise of individuals into higher wealth brackets will become even more pronounced globally in the long term. News today from Switzerland: get the most important news from Switzerland in your inbox. Overall, global wealth grew by 4.2% in US dollar terms in the favourable stock market year of 2023, amidst weakening inflation, following a decline of 3% in 2022. According to the study, the decline at that time was mainly attributed to currency effects and the strength of the dollar. Regionally, wealth growth was led by Europe, the Middle East and Africa (EMEA) with ...