Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

How green is the French Presidential Campaign?

Climate policy is the missing piece of the puzzle ahead of France’s Presidential elections. France has set ambitious targets to combat climate change, including reducing net greenhouse gas (GHG) emissions by -40% by 2030 compared to 1990. 

Is fashion retail falling out of fashion?

European consumer confidence has taken a hit in the wake of the invasion of Ukraine. Amid lower economic growth, retailers could face a -EUR4.85bn hit to fashion consumer spending for 2022, with Italy (-EUR1.45bn) and Germany (-EUR1.12bn) facing the largest declines. 

Germany: Limiting economic pain from going cold turkey on Russian gas

Should gas supplies from Russia come to a halt, we estimate Germany’s supply gap at 30% of total gas consumption. Additional storage withdrawal, tapping new gas suppliers, substitution measures such as fuel-switching and self-rationing by the private sector due to sky-high gas prices will help reduce the shortfall and cause limited economic disruptions; yet the remaining gas supply gap of 13% will require rationing actions.