Allianz Research

Powering ahead:
Global Wealth Report 2025

Wanted: Public borrowers of last resort

Recent monetary developments in the EMU are a reminder that it is simplistic and therefore risky to sum up the fuzzy concept of liquidity with QE as if it was the alpha and omega of monetary phenomena.

ECB: Another EUR 1.6 trillion in QE to reach the light at the end of the tunnel

Household confidence will play a key role in France's economic recovery from the Covid-19 crisis. But unlike consumption, confidence never recovered to its pre-crisis level even when the first lockdown was lifted. The confidence recovery could only gain traction as of Easter 2021, under the hypothesis of a larger scale vaccination campaign being implemented and continued fiscal support from the government. 

France: Improved confidence to boost consumer spending by EUR10bn in 2021

Household confidence will play a key role in France's economic recovery from the Covid-19 crisis. But unlike consumption, confidence never recovered to its pre-crisis level even when the first lockdown was lifted. The confidence recovery could only gain traction as of Easter 2021, under the hypothesis of a larger scale vaccination campaign being implemented and continued fiscal support from the government.