2024 Economic and industry outlook : fourth-quarter forecast update

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      <subfield code="a">This report updates both the macroeconomic and insurance premium growth forecasts presented in the 2024 Economic and Industry Outlook report, in light of the outlook heading into the last quarter of the year. The economic environment presents an approach that anticipates a cyclical slowdown due to past fiscal and monetary policies and lagging economic effects, and calls for caution. Inflation is showing signs of easing, which in turn boosts purchasing power and suggests a return to more stable levels, although persistent geopolitical tensions are hampering central banks' in terms of decision making. At industry level, the disparate performance of economies will influence the insurance sector. While the Eurozone faces challenges and weak growth prospects, Spain stands out with positive results. The US economy remains robust, although a moderate slowdown is projected. As far as emerging markets are concerned, a slight decline in overall industrial output is expected, due to the general performance of these economies</subfield>
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