Allianz Research

Volle Kraft voraus:
Global Wealth Report 2025

Cash at risk: Inventories are driving a new cycle of working capital strain

The global cash conversion cycle (CCC) rose again in 2025 — and it is stuck at a high plateau.

Super El Niño risk: more inflation in Asia, oversupply in Latin America yet little disruption in financial markets

The emerging 2026-27 El Niño has the potential to become the strongest climate event in more than a decade.

Europe under water: The macroeconomic cost of flooding and the economic case for adaptation

Flood losses are rising rapidly as economic activity continues to concentrate in high-risk areas. Floods are Europe’s most frequent and costliest natural hazard, with total economic losses climbing steadily, to EUR226bn in the first quarter of this century.