Allianz Research

Volle Kraft voraus:
Global Wealth Report 2025

Can the European consumer hold on?

Consumers were meant to drive the post-Covid-19 recovery in 2022, but elevated geopolitical uncertainty and sky-high inflation have derailed these expectations. Following Russia’s invasion of Ukraine, consumer surveys suggest that Eurozone households are as pessimistic – or even more – as they were during the height of the pandemic. 

ECB: Hike while you can!

At tomorrow’s policy meeting, the ECB will sound the starting gun for its first rate-hiking cycle since the Global Financial Crisis. We expect the ECB to announce the end of net asset purchases and to pre-commit to a 25bps rate hike in July – the first one in 11 years. 

The great green renovation: the buildings sector transition

The EU’s targets for reducing emissions are not ambitious enough to meet the Paris climate goals: Taking into account its “fair share”, calculated by dividing the remaining carbon budget by its share of the global population, the EU needs to slash emissions by 65% by 2030 instead of the aspired 55% and achieve climate neutrality by 2040, 10 years earlier than currently planned.