All publications

Wrapping up? How paper and board are back on track

Global paper output is expected at 416mn tons in 2022, still 4mn tons short of its 2018 level. The global paper sector withstood the slump of 2020 a little better mainly due to the increase in demand from e-commerce 

Transport in a zero carbon EU: Pathways and opportunities

The transportation sector, including domestic transport, international shipping and aviation, accounts for almost 30% of the EU’s annual carbon emissions. 

United Kingdom: Trapped by policy choices

The Bank of England seems caught between a rock and a hard place as the UK faces both elevated inflation — likely to last until Q4 2022 — and upcoming fiscal consolidation. However, by not acting, it risks creating even more inflation.

The big squeeze: Supply disruptions pressure manufacturing margins in the US and Europe

Companies in Europe and the US could face a profit squeeze from Q4 2021 onwards as sustained supply-chain disruptions slow the manufacturing recovery.

Allianz Climate Literacy Survey: Time to leave climate neverland

The “Allianz Climate Literacy Survey”, checked the knowledge regarding climate and climate policies in Germany, France, Italy, Great Britain and the US. For this, a representative sample of 1000 people in each country was surveyed at the beginning of October 2021.

IPOs: Turbocharged by private equity

Initial Public Offering (IPO) volumes are set to hit a new record in 2021, offering investors higher return potential than traded equity, albeit with higher risk. But investing in the right IPO depends on more than just geographical location and sector. 

Energy prices & inflation

Could surging energy prices raise inflation expectations and spark a self-fulfilling upward price spiral? Futures markets suggest the risk is limited — for now. Sharply rising energy prices have accelerated headline inflation. After oil, gas and coal prices more than doubled in less than a year, spurred by strong supply-demand imbalances and weather-related factors

China´s great crunch

A mix of temporary and policy-driven crunches, the biggest being real estate, has sparked a sudden slowdown in China, which we expect to continue through Q4 2021 and the beginning of next year. As a result, we cut our GDP growth forecasts to +7.9% in 2021 and +5.2% in 2022.

Energy prices in Europe: (A costly) winter is coming

Pent-up demand, tight supply, green policy and bad timing are the recipe for skyrocketing energy prices, which could take three to six months to cool down. Europe is particularly at risk due to low stocks and its high dependence on natural gas. 

Allianz Global Wealth Report 2021

2020 was the year of extreme contrasts. Covid-19 destroyed millions of lives and livelihoods and the world economy plunged into its deepest recession since World War II. At the same time, monetary and fiscal policy mobilized unimagined sums to support the economy, markets and people.