Global Reports

Despite intense trade tensions and multiple layers of risks, Allianz Trade upgrades 36 country risk ratings for only 14 downgrades.

Pharma growth accelerates with aging populations, rising chronic diseases, biosimilar competition, and AI-driven drug discovery transforming the industry.

Business insolvencies ended 2025 with an upside trend in most countries, despite already high levels.

Global GDP growth remains strong... for now. It is expected to reach +2.9% in 2026 and +2.8% in 2027, following a robust +3% in 2025.

Allianz Research forecasts global business insolvencies to rise +6% in 2025, and +5% in 2026, reaching record highs. Explore the global insolvency outlook for 2026-27, including the risks from low growth, persistent financing cost and sector fragilities.

In a world divided by geopolitics, protectionism and the effects of climate change, global trade is forging new paths.

Who truly bears the cost of the ongoing trade war?

US tariffs are reshaping supply chains, prompting retaliation and heightening uncertainty. Companies will continue to adapt as the trade war is here to stay.

Global business insolvencies are projected to rise over the next two years, with increases of +10% in 2024, +7% in 2025, and +3% in 2026, marking five consecutive years of growth (2022-2026).