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  • World insurance: the great pivot east continues

    Global economic growth supported the insurance sector in 2018, with real gross domestic product (GDP)1 up 3.2%. We forecast that global growth will weaken to around 2.8% in 2020, as advanced markets and China slow while emerging economies strengthen.

    Global economic growth supported the insurance sector in 2018, with real gross domestic product (GDP)1 up 3.2%. We forecast that global growth will weaken to around 2.8% in 2020, as advanced markets and China slow while emerging economies strengthen. China contributed the most to global growth last year, and we expect this to hold true in 2019 and 2020. The still positive but slowing global economic environment, and likewise wage and employment growth in advanced markets, will continue to spur insurance demand in the next two years. A slowdown in trade, however, will hurt associated lines of business.




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