The global economy has been facing a number of headwinds in recent years, from the US-China trade war to Brexit uncertainty. Despite these challenges, corporate wealth continues to grow.
According to the World Bank, global corporate profits rose by 4.2% in 2019, the highest rate since 2011. This growth was driven by strong performance in the US, where corporate profits rose by 6.2%.
The US is not the only country where corporate wealth is growing. In Europe, corporate profits rose by 3.2%, while in Asia they rose by 3.7%. This growth was driven by strong performance in the technology sector, which saw profits rise by 8.2%.
The growth in corporate wealth is a sign of the strength of the global economy. Companies are investing in new technologies, expanding their operations, and hiring more workers. This is helping to drive economic growth and create jobs.
At the same time, corporate wealth is also being used to buy back shares and pay dividends to shareholders. This is helping to boost stock prices and create wealth for investors.
Despite the economic headwinds, corporate wealth continues to grow. This is a sign of the strength of the global economy and a positive sign for the future.