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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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Will inflation spark a wage-price spiral in 2022?

Record-high inflation in advanced economies is turning up the heat on central banks. With average wages set to rise significantly in 2022, they face a difficult choice: overlooking the overshoot to protect the post-Covid recovery or tightening quickly to stave off a potential wage-price spiral that would add fuel to the fire.

Economic Outlook: Don’t Look Up!

Global growth should remain robust but uneven, with rising divergence between advanced and emerging market economies. However, just like in the eponymous movie, whose title we borrowed for this report, current growth dynamics might keep us from looking up during the current phase of the recovery. 

Public infrastructure investment: Enough bang for the buck?

After a decade of declining capital spending, public infrastructure investment is surging in the US and Europe. Scaling up spending on infrastructure has become an essential element of the fiscal stimulus to boost economies after Covid-19.

607 releases in total