With its real estate and foreign investment engines sputtering, China desperately needs new drivers of growth. The real estate sector has gone from hero to zero since mid-2021: We estimate real estate development has been -26% lower than its pre-pandemic trend.
The Country Risk Atlas is a new flagship publication from Allianz Research that provides comprehensive insights on the economic, political and ESG factors that influence non-payment risk for companies in 83 countries.
The economic gap between the US and the Eurozone has almost tripled since the foundation of the Euro. In 1999, the year the Euro was introduced, the US economy was 11% larger than the Eurozone in purchasing power parity terms; this gap has since widened to 30%.
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