What to watch I July 25, 2025

Steady rates and shifting seats for the Fed, US-EU trade on the rocks and reading between the (market) lines

What to watch I July 18, 2025

ECB taking a breather, France’s budget falls short and China’s resilience 

What to watch I July 11, 2025

What to watch: Trade deals or tariff letters, the relentless dollar, and what the One Big Beautiful Bill means for households, markets and sectors

The market alone won’t fix it: the dilemma of climate-neutral real estate

The residential real estate sector is a major yet often underestimated contributor to greenhouse gas emissions in Europe. Decarbonizing housing is crucial for achieving carbon neutrality but presents complex challenges.

Summertime Sadness - Mid-year economic outlook 2025-26

Global growth will remain under pressure at +2.5% in 2025, the slowest since 2008 outside of recession periods. 

What to watch I July 01, 2025

An initial ‘back of the envelope’ calculation suggests that the recent heatwaves across Southern and Central Europe, the US and China could carry significant economic costs. 

What to watch I June 26, 2025

A fragile ceasefire in the Middle East, paying for Europe’s defense push and quarterly country and sector risk update

Allianz Pulse 2025: Confused and disappointed – but less pessimistic

For the seventh year in a row, we surveyed 6,000 people in some of Europe’s largest economies (Germany, France, Italy, Spain, Poland, and Austria) to take the pulse on future prospects, policymaking and the rise of AI. Although pessimists still predominate, their lead has narrowed significantly compared to last year, from -23.0% to -8.3%. In Germany, this figure has fallen by 17pps. 

What to watch I June 20, 2025

Middle East conflict rattles markets, the fog of (trade) war and diverging rate paths across emerging markets

Cash back to shareholders or cash stuck to finance customers? American and European firms deal with trade war differently

Because of high economic volatility and uncertainty, Working Capital Requirements (WCR) increased by 2 days globally in 2024. Working Capital Requirements (WCR) rose by +2 days globally in 2024, reaching 78 days – the highest level since 2008 – with no major signs of easing in early 2025.