The growth rate for developed economies like US, Japan, UK and European Union is estimated to decline sharply from 5.1% in 2021 to 2.6% in 2022. Growth is further anticipated to slowdown in 2023 at 2.2%, mainly due to the continued winding down of the fiscal and monetary policy support given during the pandemic. In developed economies inflation increased to 5.7% in 2022, as a result of Russia-Ukraine was that increased in commodity prices and broader price pressures.

The growth rate for developed economies like US, Japan, UK and European Union is estimated to decline sharply from 5.1% in 2021 to 2.6% in 2022. Growth is further anticipated to slowdown in 2023 at 2.2%, mainly due to the continued winding down

Report titled “Global Health Insurance Market Driven by COVID 19 and Outlook to 2027 provides a holistic perspective of past, present and future market performance The study comprises of market dynamics that offers an understanding of the industry trends, driving forces, major challenges hampering the growth and also an analysis of the future opportunities which will help market players to leverage untapped business potential A Global health insurance policy covers services such as chronic illness treatment, psychiatric care, diagnosis, dental care, emergency evacuation, and others It usually charges a specified sum from the individual and pays for the policyholder's surgical and medical expenses