Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

German SMEs will face higher credit risk in 2020

Even though Germany narrowly avoided a technical recession in 2019[1], economic activity is still considerably weak as we expect GDP to grow by only +0.6% in 2020. In this environment, credit risk will most likely increase and be at top of mind for companies, lenders and investors.

Global Automotive 2020: Another lost year

Today’s financial release from Tesla Inc, the U.S. manufacturer of electric vehicles (EVs), is a perfect reminder of two key challenges facing the automotive industry in the short-term.

Poland: Heading for another slowdown in 2020

The expected deceleration of Poland’s economic growth in 2019 has been confirmed. Real GDP expanded by +4.0% in the year as a whole, down from +5.1% in 2018 and slightly below the consensus forecast (+4.2%), according to preliminary estimates.