Allianz Research

Powering ahead:
Global Wealth Report 2025

How to future-proof the German Wirtschaftswunder

Political change is upon Germany, but no major policy overhaul is in the cards. After the elections on 26 September 2021, Chancellor Angela Merkel will be re-placed after 16 years in power. The transition takes place in a highly fragmented political context, which will likely see the first three-party coalition emerge at the federal level and complicate the government-formation process. 

Climate policy: Time for a "blood, toil, tears and sweat" speech

Climate change is the dominant challenge of the 21st century but combatting it will require more than just huge investments: far-reaching individual behavioral changes are also essential. 

Global economy: A cautious back-to-school

Global growth remains strong but increasingly uneven amid evolving virus dynamics and the gradual removal of policy support. Growth momentum softened over the summer despite a positive impulse from trade. The delta-related uncertainty and soft stops will cost (only) -0.2 to -0.5pp of GDP growth in advanced economies in 2021.