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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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European labor markets: Migration matters

  • Until 2050, the working age population in the EU-27 will shrink by 20%. Italy, Spain and Germany will be hit even harder by demographic change. Against this background we took a closer look at what it could take to cushion the effect of demographic change on the labor markets in the four largest economies Germany, France, Italy and Spain, running scenarios with different combinations of labor force participation, productivity and migration.

604 releases in total