Allianz Research

Powering ahead:
Global Wealth Report 2025

ESG – from confusion to action

ESG is the trend in investing as an ever-increasing portion of portfolios from individual savers to large institutions is directed towards sustainable strategies. It is poised to become the key market driver over the next few years, with ESG assets set to grow by almost +13% p.a. until 2026, reaching USD34trn, compared to total market growth of only +4.3%.

Europe: How big will the interest rate shock be in 2023?

Against the background of rising interest rates and a worsening economic outlook, still favorable credit dynamics in the Eurozone are unlikely to last for much longer. After a year of stabilizing lending standards, banks have become significantly more risk averse.

Black Friday for consumers, bleak Friday for retailers?

US discretionary retail sales (durable goods, apparel, entertainment and leisure goods) peaked in Q3 2022, mostly driven by prices. In the same period, retailers had an estimated USD54bn in additional inventories vs 2021.