Geopolitical and economic risks are worrying Marsh McLennan’s clients as the broker sees rising costs for risks from catastrophes, social inflation and reinsurance, said its chief executive officer.
Tag: economic risks
The Fed Warns of Unprecedented Economic Risks
The U.S. economy faces unprecedented risks from the coronavirus if fiscal and monetary policy makers don’t rise to the challenge, Federal Reserve Chair Jerome Powell said while pushing back against the notion of deploying negative interest rates. “The recovery may take some time to gather momentum, and the passage of time can turn liquidity problems… Continue reading The Fed Warns of Unprecedented Economic Risks
WEF’s Top 5 Global Risks for 2020 Are All About the Environment
Economic and political polarization will rise in 2020, according to the World Economic Forum’s latest Global Risks report, but severe threats to the climate account for all of the top five long-term risks. The report published Wednesday, just days before the annual WEF event kicks off in Davos, Switzerland, forecasted a year of increased domestic… Continue reading WEF’s Top 5 Global Risks for 2020 Are All About the Environment