Zurich Insurance CEO Mario Greco has urged Europe to take decisive action to keep up with the innovation pace set by the U.S. and Asia. Speaking at the World Economic Forum in Davos, Switzerland, Greco emphasized that while the world rapidly advances, Europe risks falling further behind due to its preoccupation with stringent regulations and a lack of investment in transformative technologies.
READ MOREAs we approach the end of 2024, it’s an opportune time to consider what 2025 may bring. S&P Global Market Intelligence economists provide their take on global and regional economic performance, inflation and monetary policy prospects and highlight key risks. Policy uncertainties dominate the economic outlook, damaging growth prospects, according to the newly published Top 10 Economic Insights for 2025 by the
READ MOREA new survey by PwC finds that investors are cautiously optimistic about the world economy – half (51%) expect the economy to grow over the next 12 months. Macroeconomic and inflationary concerns are falling from their 2022 highs (respectively, from 62% to 34% in 2024, and 67% to 31%). At the same time, investors’ greatest concerns are cyber risks (36%) and geopolitical
READ MOREDespite the challenging commercial real estate landscape and mixed economic environment, international business leaders are bullish on the future, with two-thirds (65%) expecting their Commercial Real Estate (CRE) budgets to increase between now and 2030, JLL’s new report reveals. The biennial survey explores the evolving world of work by assessing the key priorities, challenges and strategies that are top of mind for
READ MOREWar and trade tensions trump cyber-fears for 2023, according to the Depository Trust & Clearing Corporation’s (DTCC) annual Systemic Risk Barometer Survey. Almost 70% of respondents cited geopolitical risks and trade tensions as a top threat (up from 49% last year), with inflation (61%) a close second, (up from 34% last year). Respondents cited unknowns around how long inflationary pressures may last,
READ MOREThe director of the International Monetary Fund (IMF) thinks that a harsh winter and an energy crisis may cause social unrest in Europe, amid a dire economic situation and rising fears of a recession. “There is certainly fear of recession in some countries, or even if it is not recession, that it would feel like recession this winter,” Kristalina Georgieva said on
READ MORESharply rising inflation, political unrest, trade disruptions from Brexit and COVID, social distress and an energy crisis, are all making the British economy appear more like one from the developing world rather than the sixth largest in the world, according to a research note from Christopher Dembik, head of macro analysis at Saxo Bank. “What Brexit has not done by itself, Brexit
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