Europe is on a path to a long-overdue reconstruction of its defense industrial base.Years of fragmentation, underinvestment and external dependencies have eroded its capacity to equip and sustain its own armed forces.
According to the report, the global insurance industry is estimated to have grown by +8.6% in 2024. This again exceeded the exceptional +8.2% growth recorded in the previous year.
The unpredictability of US trade policy has dented exporters’ confidence: 42% of exporting companies now anticipate turnover to decline between -2% and -10% over the next 12 months – compared to fewer than 5% before “Liberation Day”.
