In the 2026 edition of the Country Risk Atlas, we assess the economic outlook, risks and opportunities across 83 countries, representing approximately 94% of global GDP.
From unipolar to uneven: Fragmentation tests US market primacy and reshapes the global investment landscape
US equities have consistently outperformed global peers, cementing their dominance in portfolios worldwide. But past outperformance is becoming less bankable, especially when policy risk, concentration and valuation premia are taken into account.
High prices, thin buffers: America’s affordability crisis persists
Despite signs of easing in services components, including rentals, US inflation has remained sticky, and low-income households in particular are feeling the pinch.
Team Italy: An economic performance worthy of a gold medal?
Italy approaches the Olympic Winter Games Milano Cortina 2026 with a notably stronger macroeconomic backdrop, underpinned by post‑pandemic resilience in output, employment and trade, and an improved fiscal stance.
From Japan with love: New policy stance creates both market opportunities and liquidity risks
The major sell-off on the long end of the Japanese sovereign yield curve is not a “Truss moment” but signals a bumpy final stage of Japan’s monetary normalization.
Commercial debt collection 2026 Trade receivables in a fragmented world: Navigating Collection Complexity
Recovering commercial debt could become even more of a challenge as business insolvencies remain high in most countries while global fragmentation rises amid a reconfiguration of the trading system, volatile protectionism, geopolitical uncertainties and higher digital risk.
Allianz Trade publishes the 4th edition of its Collection Complexity Score and Rating, offering a clear assessment of how easy – or difficult – it is for companies to recover unpaid invoices in 52 economies representing 90% of global GDP and trade.
EU-India trade deal: EUR30bn of combined yearly export gains in a fragmented world
After signing the EU–Mercosur agreement on 17 January, the EU is looking to speed up its trade policy momentum to diversify trade structures in a more fragmented global economy.
