Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

Averting 'Gasmageddon' and securing a just transition

The gas crisis threatens to morph into “Gasmageddon”: Energy poverty is an old scourge in the EU, even before today’s energy crisis began. The situation has worsened significantly this year as the invasion of Ukraine has caused gas prices to explode to levels not seen in well over a decade. A dual-pricing scheme could address the shortcomings of the counter-measures implemented so far.

Green infrastructure investment

The war in Ukraine underscores that scaling up investment in climate-smart infrastructure is necessary to ensure energy and food security as we transition to a lower-carbon future. 

How to ease inflation? Non-tariff barriers to trade in the spotlight

A stronger US dollar will not be enough to rein in inflation in the US. Even as the appreciation of the USD will reduce inflation by -1.4pp in the next three months, and the US is less exposed to surging energy prices, we still expect inflation to remain well above 2% next year.