“As soon as the war happened, we had to make tweaks and adjustments to some of the content, but fundamentally, it’s obviously a massive new shock to the global economy, and we still don’t know the long-term ramifications,” says Bailey to City & Country on a recent trip to Singapore. “We can kind of guess that it’s obviously going to have a big impact in terms of energy costs [and] inflation down the road. It’s yet another dislocation in the global economy.”
Knight Frank’s global head of research, Liam Bailey, discusses the 20th edition of the annual Wealth Report as the world’s priciest homes hit new heights and wealth piles ever higher at the top
The initial launch of the 20th edition of Knight Frank’s annual wealth report — originally scheduled for March — was delayed after the US and Israel launched massive coordinated strikes on Iran on Feb 28. “We would have basically published with no mention of the war,” says Liam Bailey, partner, global head of research at Knight Frank.
