IMF warns of ‘permanent fragmentation’
The International Monetary Fund has warned of a more permanent fragmentation of the world economy into geopolitical blocks with distinct technology standards, cross-border payment systems, and reserve currencies. The fund has lowered its growth outlook for the global economy and warned that inflation in many countries is threatening to undermine future growth. “Inflation has become a clear and present danger in many countries,” the IMF said.
AG Insurance: economy continues to normalise
The base case for AG is one of “normalisation of the economy”, moving from a recovering economy to strong GDP growth, rising purchasing power and increased investment, while keeping admittedly higher inflation under control, according to the 2022 Outlook hosted online by AG Insurance and hosted by chief strategist Olivier Colsoul (pictured) and CIO Wim Vermeir.