Allianz Research

Powering ahead:
Global Wealth Report 2025

No, the energy shock in Europe does not mean de-industrialization

The large energy-price shock still lies ahead for European corporates. In 2022, increases in corporate utility bills were contained, thanks to government interventions and the long pass-through from wholesale energy prices to retail contracts, which are for the most part not fully indexed. 

Quantitative tightening and debt repayment costs in the Eurozone

Despite a sharp decline in food and energy prices in the Eurozone in December, which led headline inflation decreasing to 9.2% y/y (down from 10.1% during the previous month), inflation will remain uncomfortably high, averaging about 6% this year with core remaining rather sticky until next year.

Allianz Risk Barometer 2023

Cyber incidents and Business interruption rank as the biggest company concerns for the second year in succession. Macroeconomic developments such as inflation, financial market volatility and a looming recession, as well as the impact of the Energy crisis are the top risers in this year’s list of global business risks.