A new report from Swiss Re cements the global insurance industry’s position as the world at large faces elevated risks, both macroeconomic and geopolitical.
As the global economy heads into 2024, a slowdown is anticipated, with real GDP growth projected at 2.2%, a decrease of 0.4 percentage points from the robust growth experienced in 2023. This deceleration is marked by varying economic conditions across major regions: the US is expected to maintain growth, Europe faces stagnation, and China contends with internal growth challenges. Additionally, the Middle East conflict has escalated risks to the global economic outlook.
