Economic Insights

May 25, 2023

European commercial real estate – selectivity matters!

The commercial real estate sector is getting squeezed by tightening financing conditions but prime assets have remained resilient.

May 17, 2023

G7 summit in Japan could trigger new protectionism phase

As the G7 gathers in Japan this weekend, the US is pushing its allies to adopt a coordinated set of restrictions on outbound investment to China.

May 17, 2023

Allianz Global Insurance Report 2023 - Anchor in turbulent times

Despite higher inflation – or perhaps precisely because of it – premiums are set to increase by +5.2% p.a. over the next decade, adding EUR4,190bn to the global premium pool.

May 11, 2023

Bank of England: First to hike, last to pause and pivot

As expected, the Bank of England increased interest rates by +25bps today, but it will have to contend with stickier-than-expected inflation ahead.

May 09, 2023

The Chinese challenge for the European automotive industry

China leads the global electric vehicle landscape, selling over double the number of BEVs in 2022 compared to Europe and the US combined.

May 05, 2023

European housing: home (un)sweet home?

Monetary policy tightening is threatening the European housing market.

May 03, 2023

No quick wins: more jobs but little productivity in the Eurozone

The crisis-related damage to labor markets has not been as bad as expected amid changing consumer preferences and spending behavior.

Apr 28, 2023

Policy rates: end of the beginning or beginning of the end?

The Fed is on track to deliver a 25bps rate hike in the May FOMC meeting - the last rate hike in this cycle. But the ECB is unlikely to abandon its restrictive monetary stance.

Apr 26, 2023

Unpacking returns on equity

In a context of higher inflation and financial instability on the one hand, and a just transition and deglobalization on the other, the drivers of Return on Equity (RoE) across geographies help identify risks and opportunities in equity markets.