2021 Economic and industry outlook : second quarter perspectives

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      <subfield code="a">Panorama económico: el panorama económico global; perspectivas y balance de riesgos -- Panorama sectorial: el entorno económico y su impacto en su impacto en la demanda aseguradora-- Tendencias regulatorias -- Tablas: escenarios de previsiones macroeconómicas</subfield>
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      <subfield code="a">The report takes stock of the state of the global economy one year after the pandemic was declared. The world remains mired in a deep crisis, and employment and wealth levels are not expected to recover lost ground until at least the end of 2022. The speed of the exit will depend on the continuity of various stimuli, the effectiveness of vaccination programs and the underlying imbalances from which each of the economies started out. As such, the recovery will be asymmetrical and lacking in synchronicity. However, the return to global economic growth in 2021 is helping to improve the outlook for insurance markets, which have proven to be solvent and resilient. Nevertheless, with some notable exceptions, the anticipated partial and uneven economic recovery will tend to weigh on the development of the insurance sector in the various markets.</subfield>
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