A McKinsey study reveals that Portugal follows the European trend of lower household wealth, with a 1.6% decrease in net wealth per capita between 2024 and 2025, although it has significantly reduced public debt and reached a historic high in the corporate capitalisation ratio relative to GDP. The McKinsey Global Institute report warns that global wealth reached a historic high of 570 trillion dollars in 2025, but only 20% of this growth resulted from the formation of new productive capital, showing a growing dissociation between wealth creation and real economy fundamentals. The eurozone remains constrained by stagnant productivity, high savings levels and insufficient investment, approaching a scenario of secular stagnation, while the consultancy argues that accelerating productivity is the only path to simultaneously sustain income growth, wealth and economic activity.
Jornal Económico02/09/26, 11:24
