Insurance Business has reported that Allianz Trade’s latest economic outlook warns that the global economy has entered a period of “stagflation light” marked by sluggish growth and persistently elevated inflation. Allianz Trade notes that, while current conditions are less severe than the 2022 Ukraine war shock, major economies are experiencing their lowest growth levels since 2008, excluding periods of recession. Global GDP is forecast to grow at just 2.6% in both 2025 and 2026, with inflation elevated at 3.9% and 3.6%, respectively. The US’ GDP growth is forecast at 1.8% in 2025, slowing to 1.6% in 2026 — amongst the lowest rates since the start of the century. The Eurozone is expected to face deceleration, with growth projected to slow to 0.9% in 2026 from 1.2% in 2025. UK growth is expected to be on the upside in 2025, now forecast at 1.4%, before slowing to 0.9% in 2026. To read Insurance Business‘ article, go to https://www.insurancebusinessmag.com/us/news/breaking-news/allianz-trade-stagflation-light-grips-global-economy-551717.aspx.