Allianz Research

Volle Kraft voraus:
Global Wealth Report 2025

US midterms: Republicans are back, (fiscal) policy impasses too

With the Republican party now in control of the House of Representatives (results for the Senate to follow), no major economic and fiscal legislation will be pushed through in the next two years. 

EU fiscal rules – quo vadis?

Next week, the European Commission is expected to propose the most ambitious overhaul of the EU fiscal framework in more than two decades. Given the rapid rise in debt ratios during the pandemic and the current energy crises, the application of the current rules, which are currently suspended, would require unrealistically large – and counterproductive – fiscal adjustments by some high-debt countries.  

Picking up contagion in equity and commodity markets

In an uncertain world, it is essential to diversify investment portfolios. But this is not always easy. When more and more risky-asset markets are rising simultaneously it often is a sign that the risk of a broad-based collapse in asset values is building up.