Allianz Research

Volle Kraft voraus:
Global Wealth Report 2025

Monetary policy in Central and Eastern Europe

The outlook for Central and Eastern Europe (CEE) has slightly improved in recent weeks due to diminishing headwinds from lower-than-expected energy prices. Nonetheless, growth in the CEE-4 (Poland, Czechia, Romania, Hungary) remains subdued overall as the impact of continued high inflation, increased interest rates, weaker external demand and lower business confidence will take full effect this year.

A Faustian bargain: Europe’s answers to the US IRA

The Inflation Reduction Act (IRA), enacted in summer 2022, is America’s first serious attempt to tackle the climate crisis and reach its own emission-reduction goals. As such, it is overdue and more than welcome. At the same time, it entails a string of protectionist measures that – though aiming mainly at China – might hurt Europe’s green industry. 

Falling off a savings cliff?

Americans to fall off the pandemic savings cliff after the summer break, while Europeans hoard even more.