{"id":94590,"date":"2026-06-30T13:10:15","date_gmt":"2026-06-30T13:10:15","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/94590\/"},"modified":"2026-06-30T13:10:15","modified_gmt":"2026-06-30T13:10:15","slug":"us-dollar-depreciation-leaves-apac-with-slowest-wealth-growth-in-2025-ubs","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/94590\/","title":{"rendered":"US dollar depreciation leaves Apac with slowest wealth growth in 2025: UBS"},"content":{"rendered":"<p data-testid=\"article-description\">Currency effects have dragged the region\u2019s share of global wealth, though it remains a long-term growth driver<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">[SINGAPORE] The Asia-Pacific recorded the slowest growth in personal wealth in 2025, as the depreciation of the US dollar impacted wealth growth in regions with appreciating currencies.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Growth in total personal wealth was 5.9 per cent for Apac, compared with 8.5 per cent in the Americas and 17.5 per cent in the Europe, the Middle East, and Africa (Emea) region, UBS\u2019 Global Wealth Report published on Tuesday (Jun 30) showed.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">South-east Asia booked the lowest increase in total personal wealth in 2025 globally, at 1.6 per cent; growth in Greater China \u2013 comprising mainland China, Hong Kong and Taiwan \u2013 came in at 4.6 per cent.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Many Apac markets, \u201cbeing pegged or linked to the US dollar, did not benefit from the flattering effect of seeing their currencies appreciate the way the euro did\u201d, UBS said.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">This resulted in the share of global wealth from the region falling to 32.8 per cent in 2025, from 36 per cent in 2024.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Meanwhile, \u201cstriking growth\u201d in Emea due to the strong euro led to the region taking up more than 26 per cent of global wealth in 2025, from less than 25 per cent in 2024.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Nevertheless, Greater China and South-east Asia collectively accounted for nearly a third of global wealth in 2025, with 18.5 per cent and 11.5 per cent, respectively.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">North America \u2013 led by the US \u2013 accounted for 38.1 per cent, while Western Europe accounted for 21.9 per cent.<\/p>\n<p>Apac\u2019s long-term outlook remains intact as wealth broadens globally<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Apac\u2019s lag in 2025 does not erase the projection of it being a strong driver for wealth going forward, said James Mazeau, chief investment office economist at UBS Global Wealth Management.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">\u201cIt doesn\u2019t mean because we have slightly slower growth in a pack this year compared to other markets that it says anything about future prospects and how growth will develop in the years to come,\u201d he said at a media briefing.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">UBS found that overall, <a class=\"text-verticals-btblue underline hover:text-blue-500\" data-testid=\"article-annotation-link-component\" href=\"https:\/\/www.businesstimes.com.sg\/international\/nearly-one-million-people-worldwide-became-millionaires-2025\" target=\"_blank\" rel=\"nofollow noopener\">global personal wealth rose by 10.8 per cent<\/a> in US dollar terms, \u201csignificantly outpacing\u201d growth in 2024 at 4.6 per cent and 2023 at 4.2 per cent<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">In 2025, Singapore ranked 20th in terms of median wealth per adult in US dollars, at US$96,434.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">UBS also found that the wealth pyramid is becoming more of a diamond as the lowest wealth bracket is now only marginally wider than the second-lowest, indicating \u201ca steady promotion of individuals up the wealth ladder\u201d.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">There are currently around 1.62 billion people, or 42.1 per cent, with total wealth between US$0 and US$10,000, compared with 1.68 billion, or 41.1 per cent, with total wealth between US$10,000 and US$100,000.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Individuals are moving from the lowest wealth bracket to the next tier over time, with very few exceptions, UBS noted.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Looking ahead, Paul Donovan, chief economist at UBS Global Wealth Management, said that the wealth of 2025 has been \u201cquite influential\u201d on growth rates this year due to concerns of lower consumer spending as a result of war in the Middle East and the rise in oil prices.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">\u201cWe have seen wealth play an important role in supporting the economic cycle,\u201d he said.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6 inline-block\" data-testid=\"article-paragraph-component\">\u201cThat reassurance of having relatively good wealth levels and the ability to draw down on the savings rate has actually become very important to the growth narrative that has existed in 2026 so far.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Currency effects have dragged the region\u2019s share of global wealth, though it remains a long-term growth driver [SINGAPORE]&hellip;\n","protected":false},"author":2,"featured_media":94591,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[129],"tags":[942,223,4919],"class_list":["post-94590","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ubs","tag-global-wealth","tag-ubs","tag-us-dollar"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116839227532155393","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/94590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=94590"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/94590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/94591"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=94590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=94590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=94590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}