After $20 Trillion Losses, Investors Brace For More Colossal Wealth Wipe
NDTV
World stocks have lost over $20 trillion in value this year since January peaks, and the sharp slide echoes the hit early in 2020.
World stocks have lost over $20 trillion in value this year since January peaks, and the sharp slide echoes the hit to global financial markets early in 2020 on pandemic-driven recession worries.
To put the magnitude of that loss into context, the over $20 trillion wipe-outs in global equity markets this year since January highs are more than six times India's total gross domestic product (GDP) - of around $3.2 trillion.
That loss amounts to almost the size of the United States' total GDP of around $23 trillion and around a fifth of the World's GDP of nearly $100 trillion.
The GDP data referenced is based on the latest from the World Bank.
