Allianz Research

Volle Kraft voraus:
Global Wealth Report 2025

The flaw in the liquidity paradigm: Lessons from China

Velocity is a crucial but often overlooked dimension of money. Contemporary data from China show that the velocity of money in equity markets is highly unstable and pro-cyclical. Our observations cast a shadow on the alleged omnipotence of quantitative easing (QE).

French export barometer: 8 out of 10 companies aim to increase exports in 2021

For the 7th edition of our Export Barometer survey, we asked more than 300 French exporters about their 2020 performance, their outlook for 2021 and the main risks and threats to their activity. The results reveal that strong winds of change lie ahead.

Semiconductors realpolitik : A reality check for Europe

European industrial autonomy in semiconductors is far out of reach. The recent shortage of semiconductors has highlighted one of Europe’s vulnerabilities, prompting the European Commission to set targets to bring the region’s share of global semiconductor production to 20% by 2030 and to ramp up chip production using the most advanced manufacturing technologies.