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The Taplow Group – Global Business Report - March 2021


The Taplow Group – Global Business Report – March 2021
The Taplow Group S.A. with 21 partner firms has its presence across 6 continents. Our expert consultants not only bring a wealth of expertise in their respective countries but also internationally. We have put together this report to bring business leaders the global economic and business information.
AFRICA
Africa’s economic outlook continues to brighten. Its real GDP growth, is projected to accelerate to 3.9 percent in 2020 and to 4.1 percent in 2021. Leading the way are six economies among the world’s 10 fastest growers: Rwanda, Ethiopia, Côte d’Ivoire, Ghana, Tanzania, and Benin. Growth’s fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. And for the first time in a decade, investment accounted for more than half the continent’s growth, with private consumption accounting for less than one third. ....

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Household wealth hits new high as property surges


Household wealth hits new high as property surges
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Total household wealth increased to a record high of $11.4 trillion in the September quarter, driven by record growth in deposits and an increase in residential assets, according to the ABS.
According to the
Australian National Accounts: Finance and Wealth, released by the Australian Bureau of Statistics (ABS), household wealth hit a new high in the three months to September 2020.
Household wealth – which comprises non-financial assets (such as land and dwellings), as well as financial assets (savings accounts, superannuation, shares etc) and liabilities (such as loans) – increased by 1.7 per cent, or $186.8 billion, in the September quarter, reaching a new record high of $11.4 trillion. ....

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