Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

Coronavirus outbreak in China: Risks of supply chain disruption increase with time

The official PMIs for January released today do not yet reflect the magnitude of the economic concerns around the ongoing coronavirus 2019-nCoV outbreak in China. 

Italy: A strong setback at the end of the year

Preliminary GDP in Q4 came out significantly below expectations at -0.3% qoq. If this figure is confirmed, real growth in Italy will have stagnated in 2019.

France: The cost of division on economic growth

French GDP declined by -0.1% q/q in Q4 2019, below expectations.. Household consumption decelerated at 0.2% q/q in Q4 2019 compared with 0.4% q/q in Q3.