Resilience Amid the Downturn

The asset base provides hope for economic recovery

While global stock markets lost 48 percent of their value in 2008, the total global financial asset base fared much better than originally feared. Global assets — bank securities, government and private debt securities, and equity — have fallen in value by only 12 percent, signaling that in spite of this severe recession, there is a good foundation for economic recovery.

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For more information, please contact the authors:
Thomas Kratzert
Michael Broquist
Fritz Kroeger

September 2009