2024 Economic and industry outlook : perspectives for the second half

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<title>2024 Economic and industry outlook</title>
<subTitle>: perspectives for the second half</subTitle>
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<dateIssued>2024</dateIssued>
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<abstract displayLabel="Summary">The current outlook offers a more balanced macroeconomic picture, although the slowdown in the global economy continues to pose certain divergences in terms of activity, inflation and monetary policies, in the face of a challenging geopolitical scenario. Thus, the report's baseline scenario forecasts global economic growth of 3.0% for 2024 and 2.9% for 2025, while, in terms of prices, average inflation for these years is anticipated to be 4.5% and 3.5%, respectively. The balance of global risks is slightly biased to the downside, with geopolitical, governance and economic policy risks leading the balance, along with a potential transition to a less benign, though not recessionary, scenario. This economic backdrop will continue to have a positive impact on both insurance demand and industry profitability, aided by more moderate inflation and high financial income from high interest rates</abstract>
<accessCondition type="use and reproduction">La copia digital se distribuye bajo licencia "Attribution 4.0 International (CC BY NC 4.0)"</accessCondition>
<note type="statement of responsibility">MAPFRE Economics</note>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080623920">
<topic>Análisis económico-financiero</topic>
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<topic>Perspectivas económicas</topic>
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<topic>Perspectivas del seguro</topic>
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<title>Panorama económico y sectorial 2024 : perspectivas hacia el segundo semestre</title>
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<publisher>Madrid : Fundación MAPFRE, 2024</publisher>
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<identifier type="local">MAP20240012519</identifier>
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<recordChangeDate encoding="iso8601">20240910090544.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20240014506</recordIdentifier>
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