Allianz Research

Volle Kraft voraus:
Global Wealth Report 2025

Is the Chinese Ox reflating the world, one container at a time?

Amid surging demand for imports from China, a container shortage and a strengthening RMB are pushing up import prices for European firms: We expect a peak of +6% y/y by end-April 2021 from +3% in November 2020. For the US, the impact should be milder: +2% y/y by July from -1% in November.

 

China: Riding the silicon ox?

The recent shortages of chips used in the automotive industry highlight the growing ubiquity and critical nature of semiconductors, which are the essential components that power the USD3,000bn IT industry.

 

Big Oil: At risk of becoming fossil firms?

Turning off the (profit) tap. After a year of low oil prices and low demand that pushed most major oil companies into losses, the hit to profitability will continue in 2021 and 2022.