Asia overtakes Europe as world's richest region
Q. Name the continent that has overtaken Europe as the world's second richest region?- Published on 19 Jun 15a. Oceania
b. North America
c. Asia
d. Africa
ANSWER: Asia
According to an annual report by the Boston Consulting Group, a global management consulting firm, the Asia Pacific, excluding Japan, held 47 trillion dollars in private wealth last year as the number of new millionaires rose in China and India. North America is the world's richest region with 51 trillion dollars, but is expected to be surpassed by Asia in 2016. Asia is also projected to hold 34 per cent of global wealth in 2019. As in both 2012 and 2013, Asia-Pacific, excluding Japan, remained the fastest growing region in 2014.
