Luxury purchases on pause? Three key takeaways from the 2025 Knight Frank Wealth Report for the yachting industry

Against the backdrop of tariffs, global conflict and higher-than-usual inflation, even the wealthy will be looking to tighten their purse strings as fears of a recession intensify. However, the effect may not be as severe as headlines would have us believe. According to the latest Wealth Report released from Knight Frank this past month, the amount of wealth in the world is still expected to grow by 3.1 per cent in 2025, signalling a strong financial basis for luxury purchases into the future.