Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

The Eurozone recovery after ‘lockdown light’

Lockdown 2.0 or ‘lockdown light’ in Europe embodies the stop-and-go strategy, which should follow epidemic cycles until a post-vaccine return to normal in 2022. Yet these new restrictions are not a replay of Spring 2020 as their economic hit to Q4 2020 GDP should prove 30-60% less severe. 

 

Consumers and climate policy

For the EU to reach its target of climate neutrality by 2050, they will have to change their behavior, but our research shows on average 46% of French and 44% of Germans respondents are not prepared to pay more for climate-friendly products. 

 

Dual circulation: China’s way of reshoring?

Over the long run, the Chinese economy is facing two key challenges: declining potential growth and a deteriorating external environment. Our growth potential model suggests China’s GDP growth is likely to average between +3.8% and +4.9% over the coming decade (after +7.6% in the 2010s), due to declining labor supply and slowing productivity and capital investment.