Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

Do we need more inflation to get more corporate investment?

Up until 2019, global disinflation pushed down corporate investment; however, since 2020, inflation has failed to lift corporate investment.

Consumption: What’s (wealth) got to do with it?

With the cash cushion that was built during the pandemic losing its fluff, it is a good time to revisit consumption behavior, which is starting to lose steam in Europe and the US. 

No, the energy shock in Europe does not mean de-industrialization

The large energy-price shock still lies ahead for European corporates. In 2022, increases in corporate utility bills were contained, thanks to government interventions and the long pass-through from wholesale energy prices to retail contracts, which are for the most part not fully indexed.