Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

Saving Christmas: A EUR18bn challenge for French non-essential retailers

Restrictions on non-essential stores in France ahead of a critical holiday season are casting a shadow over nearly EUR18bn of retail sales normally made at year-end. In a particularly adverse yet realistic scenario where the sanitary situation demands store closures to last until the end of December the financial impact is not to be underestimated.

RCEP: Common rule of origin could boost regional trade by around USD90bn annually

The Regional Comprehensive Economic Partnership (RCEP) was signed on 15 November 2020 by the ten ASEAN countries, Australia, China, Japan, New Zealand and South Korea. The RCEP will cover around 30% of world GDP and population, making it the largest trade deal by these measures. It is also the first multilateral free trade agreement to include China.