Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

The Fed goes unlimited. Really?

In response to the worsening of global macroeconomic conditions, increasing confinement measures taken by U.S. states, the uninterrupted fall of the equity market and  growing signs of liquidity stress, the Fed has  announced a new round of measures to keep financial markets operating smoothly, and to provide lending more directly to those sectors most in need.

ECB: From "whatever it takes" to "bring it on"

Last night, following an emergency meeting of its governing council, the ECB announced a new temporary asset purchase program worth EUR750bn (around 6% of Eurozone GDP) until the end of the year - or longer if needed - in response to the COVID-19 outbreak

COVID-19: A timid “whatever it takes” from policy makers across Europe

This week, policy makers stepped up, as containment measures could cost between 0.7pp to -3.0pp of GDP growth depending on the country and the severity of the lockdowns. Next to steps aimed at keeping a lid on contagion and boosting the resilience of national health systems, fiscal and monetary policy measures, from Italy to the UK and Germany, to the ECB, have been –or will– be announced in an effort to cushion the sharp economic contraction that is in the cards for H1 2020.