The world economy in 2024 – leaving crisis mode behind, but structural changes ahead?

Duration: 60 minutes 

The global economic order is about to change. Two major crises in just three years – the pandemic-related recession in 2020 and the energy price shock in 2022 – have demonstrated the fragility of the world economy and the (geo-)political order. Geopolitics will likely grow in relevance over the coming years, affecting businesses, financial markets and the overall economy alike. As globalisation seems to have peaked and new models of international trade and investment linkages are emerging, the positive effects of both higher growth and lower inflation from global economic integration will likely wane. Climate change and decarbonisation efforts will also transform economies and, amongst others, lead to higher inflation. Insurers and reinsurers should consider these changes, as their business will likely be affected in various ways. This seminar will focus on these trends and changes, and on the global outlooks for economic growth, inflation and interest rates in 2024.

• The global economy in turbulent times – lessons from the COVID crisis and the energy price shock
• Macroeconomic outlook and risk scenarios for 2024 – will the US and the Eurozone fall into recession?
• Inflation will likely decline, but to what levels over the next few years? Implications for central bank policies and interest rates
• Geopolitics, climate change, demographics and digitalisation – an overview of economic implications
• Major implications for the insurance business

Management, risk managers, underwriters in long-tail lines of business, and marketing and salespeople, ideally with a general understanding of macroeconomics.

English - professional business English skills required

Our seminars are provided to our most valued clients only. If you are interested in participating, please get in touch with your client manager or responsible underwriter at Munich Re.

28 February 2024

Deadline for registration

27 February 2024