In this new report, offering regional economic insights from around the world, D&B notes there is room for a little optimism in today’s world economy. While the recovery from the 2008-09 recession remains the most challenging in the past century, D&B is optimistic about growth in 2014 and beyond, particularly in the US. The forecast for real global growth for 2014 has increased from 2.5 percent to 2.7 percent, while the forecasts for the next three years have climbed to 2.9 percent in 2015, 3 percent in 2016, and 3.1 percent in 2017.
The report, however, cites disparities across regions. D&B admits its view of North America is more optimistic, with growth forecast at 2.8 percent to 3 percent between 2014 and 2017, compared with an average of 2.3 percent one year ago. D&B is also watchfully optimistic about average annual growth in Western and Central Europe, which we have increased by 0.2 percentage points (pp) to 1.8 percent in 2014-17. Growth in Sub-Saharan Africa will also increase by an average 0.2 pp over the same period, while Asia-Pacific’s growth figures have increased by an average 0.1 pp to 3.9 percent. In contrast, we are more pessimistic about growth in Latin America and the Caribbean (down an average 0.4 pp), the Middle East and North Africa (down 0.7 pp), and Eastern Europe and Central Asia (down 1.1 pp).
D&B assessed 25 of the leading emerging markets (Angola, Argentina, Brazil, Chile, China, Colombia, Egypt, Hungary, India, Indonesia, Iran, Malaysia, Mexico, Nigeria, Philippines, Poland, Romania, Russia, Saudi Arabia, South Africa, Thailand, Turkey, Ukraine, Venezuela, and Vietnam) to consider the “risks and opportunities of cross-border trade and investment with counterparties in these countries”. They have scored the short-term vulnerability of these 25 major emerging economies against each other, and also looked at the longer term situation using four ‘supply side’ factors, such as infrastructure, competitiveness and openness of the economy. They also look at the political outlook and stability of these emerging markets.
Too many businesses realize the value of their insurance coverage only after the fact, after they lose something first. That means too many are missing out on reaping the full value of their insurance programs. At the same time, that means that we, as insurers, need to step up our game to make sure
Making inclusion work: putting words into practice
September 23, 2019
I have spent my entire career – more than 25 years and counting – in insurance, and I’m proud to see how the industry has changed over that time to become more open and diverse. But we cannot rest on our laurels; there is still a long way to go.
I began my working life as an underwriter and have worked
Autonomous technologies an uncertain and evolving risk landscape
June 11, 2019
Propelled by massive investments and impressive technological advances, autonomous vehicles are quickly becoming more numerous and capable, and appear in a wider variety of settings.
Today, mobile autonomy applications include semi-autonomous to fully self-driving cars, taxis, buses and trucks operating