Allianz Research

Powering ahead:
Global Wealth Report 2025

European consumers: Still firmly in the woods

Given the sharp setback in consumer spending in H1 2020, which far exceeded anything seen during the Great Financial Crisis as well as the Eurozone debt crisis, without a meaningful rebound in private consumption, economic recovery prospects will remain rather dim.

 

France, Germany, Italy: Good fiscal stimulus, bad trade deficits?

The unprecedented fiscal stimulus plans launched by European governments this summer (phase II to relaunch growth engines after phase I emergency relief programs) should help to boost economic growth by +2.4pp in France, +2pp in Germany and +0.7pp in Italy over 2021-22. 

 

Allianz Pulse 2020: Grim expectations

The second edition of the “Allianz Pulse”, a survey to check the mood in France, Germany and Italy, reveals deep pessimism: 82% of the French, 77% of the Italian and 49% of the German respondents consider the economic outlook as bad.