Allianz Research

Volle Kraft voraus:
Global Wealth Report 2025

Eurozone government debt - Quo vadis from here?

The fiscal version of “whatever it takes” triggered a notable deterioration in public finances across the Eurozone in 2020. However, the picture has never proven more heterogeneous at the country level: Seven countries (Greece, Italy, Portugal, Spain, Cyprus, France and Belgium, together representing more than 50% of Eurozone GDP) now boast debt-to-GDP ratios close to or above 120% of GDP i.e. twice the Maastricht debt target.

Abolishing fuel subsidies in a green and just transition

Abolishing fossil fuel subsidies and directing the funds to renewable energy seems like an easy win for the climate: After all, fossil fuel subsidies account for 0.5% of global GDP, almost exactly the size of the funding gap needed to comply with the Paris Accord. But getting rid of them comes with steep costs for consumers, particularly the poorest households. 

Drivers of growth: Property & Casualty insurance

Nominal GDP growth explains 61% of global gross written P&C insurance premium development between 2009 and 2019. At the country level, however, results are more dispersed.