The pace of COVID-19 infection and casualties is accelerating. As of publication, the virus has claimed 1,267,780 lives and infected 51,211,972 people worldwide. Far from losing speed, this is an increase of 50% in casualties and more than 100% in infections in the last 3 months alone. The U.S. continues to top the list of most impacted countries, followed by India, Russia, Brazil, France, Spain, Argentina and the U.K.

The COVID-19 pandemic continues to depress growth across the world with nearly every country experiencing negative growth and recession. Overall, benchmark GDP forecasts for 2020 and 2021 have been worsening over the last three months pointing to a deeper and wider impact by COVID-19 on global GDP growth than initially forecasted at the pandemic’s onset, according to a new Insurance Information Institute (Triple-I) report.

The Insurance Information Institute's Global Macro and Insurance Outlook was written by Dr. Michel Leonard, CBE, vice president and senior economist. Before offering an assessment of the Global Insurance Outlook, Dr. Léonard’s report gives a Global Macro overview of the variables which impact all economies: Growth & Inflation, Monetary & Fiscal Policy, and Political Risks.

The Insurance Information Institute's (Triple-I) Global Macro and Insurance Outlook was written by Dr. Michel Leonard, CBE, vice president and senior economist.

The Triple-I's Global Macro and Insurance Outlook notes the following key points in the report:

The Insurance Information Institute's first-ever Global Macro and Insurance Outlook written by Dr. Michel Leonard, CBE, Vice President and Senior Economist.