Likely evolution of global markets in 2017

As 2017 unfolds, all eyes are on global developments and the potential evolution of the global market. Joining CNBC Africa from London, Peter Ty Larson, Global Economics Editor for Reuters Breakingviews and author of the Thomson Reuters Predictions Report shared insights and predictions for the year ahead. Reflecting on the past year, Peter acknowledged that while his team did not predict the Trump victory, they did anticipate the Brexit vote and its implications. Looking ahead, he emphasized the challenges of forecasting in a year with such a wide range of possible outcomes. The uncertainty is further compounded by the unpredictable nature of policies in the Trump administration and their impact on global markets. While a fiscal stimulus in the US could boost the economy temporarily, questions remain about its long-term sustainability and the implications for the rest of the world. The strengthening of the dollar and the looming specter of trade wars under Trump's policies add further complexity to the global economic landscape. On a different note, the rise of technology, including driverless cars, presents both opportunities and challenges. In particular, the insurance industry faces a paradigm shift in determining liability for accidents involving autonomous vehicles, raising new questions and requiring innovative solutions. The coming year may well be a turning point for the insurance sector as it grapples with the implications of this emerging technology. As investors and analysts navigate the uncertainties of 2017, one thing remains clear: adaptability and foresight will be key in navigating the rapidly evolving global market.