Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

Who should be afraid of a stop in Russian energy supply?

The EU can easily manage an immediate embargo on crude oil imports from Russia. Within two months or so, OPEC members could step up crude oil production to the levels of H2 2018 (which implies +3.3 Mbb/d vs. Q1 2022) and Norway, the US and the UK could add another +0.5 Mbb/d to global output. 

US and European EV outlook: Driving the energy transition

The global electric vehicle (EV) market is booming: Sales more than doubled in 2021 and market share reached around 8%.  This positive momentum is likely to continue, with estimated growth of +50% in 2022. 

Eurozone inflation: How bad can it get?

Inflation is back with a vengeance in the Eurozone, sending the cost of living to record highs. Aside from pandemic-related base and one-off effects, snarled-up global supply chains have failed to keep up with post-pandemic demand.