Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

Monetary policy in Central and Eastern Europe

The outlook for Central and Eastern Europe (CEE) has slightly improved in recent weeks due to diminishing headwinds from lower-than-expected energy prices. Nonetheless, growth in the CEE-4 (Poland, Czechia, Romania, Hungary) remains subdued overall as the impact of continued high inflation, increased interest rates, weaker external demand and lower business confidence will take full effect this year.

A Faustian bargain: Europe’s answers to the US IRA

The Inflation Reduction Act (IRA), enacted in summer 2022, is America’s first serious attempt to tackle the climate crisis and reach its own emission-reduction goals. As such, it is overdue and more than welcome. At the same time, it entails a string of protectionist measures that – though aiming mainly at China – might hurt Europe’s green industry. 

Falling off a savings cliff?

Americans to fall off the pandemic savings cliff after the summer break, while Europeans hoard even more.