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Allianz Research

Powering ahead:
Global Wealth Report 2025

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All chapters

Executive summary

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Financial assets: powering ahead

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Liabilities: No recovery

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Real estate: Bottoming out

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Distribution: No progress

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Appendices

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Our team

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All publications

   

Can Europe do without Russian gas?

Giving up gas imports from Russia, which account for 36% of total EU gas supply, will not be easy for Europe. We estimate the amount of energy at risk across the EU at almost 10% of final consumption. 

Russia-Ukraine crisis: conflict escalation

The escalation of the conflict between Russia and the Ukraine is likely to have important economic and financial consequences through three main transmission channels — energy, trade, and the financial sector — depending how current and future sanctions will play out. 

Is the wealth middle class shrinking?

Is the middle class shrinking? The data suggest a heterogeneous picture, but genuine success stories are rare: In most countries, the situation of the middle class has deteriorated, especially with regard to its share of total wealth. 

606 releases in total