After several years of post-pandemic growth, U.S. GDP is forecast to grow by just 1.5% this year, down from 2.8% in 2024. (Credit: Rokas/Adobe Stock)
U.S. tariffs are reducing trade and heightening uncertainty, slowing global economic growth, according to a new report from Swiss Re.
Global GDP growth is expected to slow to 2.3% in 2025, down from 2.8% in 2024. The global insurance industry is expected to follow suit: total premium growth will drop to 2% this year, compared to 5.2% in 2024.
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Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
