Ultra-rich are the biggest pessimists

The richest are the gloomiest about the world economy

Monday 24 May 2010 at 06:05

Ultra-high net worth individuals are more pessimistic about the global economy than less-wealthy peers or even professional economists, according to the results of a new survey.

The very wealthy, or those with liquid assets of more than £10m ($14.4m), are more downbeat about global economic prospects than anyone else, despite being the least affected by the downturn, according to research published to today by UK wealth manager Barclays Wealth.