- July 10, 2022
- Posted by: Stratford Team
- Category: Economy
World stocks have shed over $20 trillion in value since hitting record highs in January
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.
But the worst is not over yet for world equities, as the safe-haven stampede sentiment is again based on expectations for a global recession driven by major central banks’ aggressive policy tightening stance in their fight against…
