Economic Insights

Jun 12, 2020

Equity markets: Have policymakers created Pavlovian markets?

Wall Street is responding faster and faster to counter-cyclical policies, as if it was 100% sure that past experience is a sure guide to the future.

Jun 09, 2020

Rough landing: 2020 will be a terrible year for air transportation

Global demand in air transport will not return to its pre-Covid-19 level before 2023.

Jun 04, 2020

Social Risk Index: Structural determinants of social risk

As the Covid-19 pandemic pushes the global economy into the worst recession since WWII, systemic social risk could become a more important factor of political risk and worsen the business climate in some countries.

Jun 04, 2020

Managing the curves: Shaping a sustainable Covid-19 recovery

The Covid-19 pandemic represents a historic window of opportunity to accelerate the global transition to a net zero emission society.

Jun 02, 2020

European corporates loading up cash against uncertainty

At the end of H1 2020, we estimate the net savings of EU non-financial corporates to have doubled to over EUR700bn, or more than 4.5% of GDP

May 28, 2020

Allianz Global Pension Report 2020 - The Silver Swan

It is still all about demography.

May 26, 2020

Global trade: Recession confirmed, watch out for a double-whammy blow due to protectionism

Our proprietary Trade Momentum Index shows that Q2 is likely to see an even stronger contraction.

May 20, 2020

The ECB is also here to close governments' financing gap

In response to the Covid-19 crisis, gross financing needs could amount to EUR800-900bn for the Eurozone, and only part of it will be covered by the issuance of long-term bonds.

May 19, 2020

A German-French trial balloon on fiscal union

This first attempt at a transfer union may make net payouts look small for, say Italy, but symbols do matter.