Allianz Research

Volle Kraft voraus:
Global Wealth Report 2025

Warsh's double dilemma: when the Middle East rewrites the Fed's playbook

The energy price shock will delay the Fed’s single rate cut in 2026. Rising energy prices should push US inflation towards +3.6% y/y in April-May, up from +2.8% expected before the Middle East conflict, under the assumption that oil prices remain around 90 USD/bbl on average in Q2. 

Allianz Social Resilience Index 2025: The Middle-Resilience Trap

In 2025, the Allianz Social Resilience Index (SRI) records a third consecutive – albeit modest – improvement, but underlying divergence remains pronounced. 

The second energy shock: Why Europe still isn’t energy secure

The escalation of the conflict in the Middle East is a stark reminder of Europe’s unfinished business: achieving energy autonomy. Although Europe’s reliance on Russian gas has improved since 2022, it is merely replacing one dependency with another.