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  • Sustaining resilience amid slowing growth: global economic and insurance outlook 2020/21

    Global growth remains weak and will slow over next two years. Last year marked the
    peak of the cycle, and our current forecasts for US and euro area growth of 1.6% and
    0.9% in 2020, respectively, are below consensus. The largest down revision is to our
    forecasts for the euro area: the region is at risk of entering a period of low growth,
    low inflation and low interest rates, so-called “Japanification”.

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