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Allianz Global Wealth Report 2026

A double-edged code – How AI is reshaping the global wealth landscape

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All chapters

Executive summary

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Financial assets: 2025 sets a fresh record

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Liabilities: Borrowing remains subdued

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Real estate: A hesitant recovery

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Distribution: New wealth, old divides

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Appendices

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Our team

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Reading the recession in the PMI leaves

Eurozone March PMIs are “old news” for financial markets but they reiterate the historical  proportions of the economic setback currently underway, with many survey components reaching all-time lows. While a dramatic setback in Eurozone manufacturing was widely expected amid the COVID-19 crisis and already largely priced in by financial markets, today’s release still underlines the swiftness and severity of the resulting economic downturn.

COVID-19: Quarantined Economics

The COVID-19 outbreak has forced governments to put the world on an unprecedented pause, for at least three months, to flatten the contagion curve. Since January, the impact of the outbreak has unfolded from a China-centered supply shock, which sent shockwaves across global trade and disrupted supply chains, to an unraveling of financial markets as investors realized the unavoidability recession, to a violent demand shock hurting consumption and investment in China, Europe, and the U.S..

The Fed goes unlimited. Really?

In response to the worsening of global macroeconomic conditions, increasing confinement measures taken by U.S. states, the uninterrupted fall of the equity market and  growing signs of liquidity stress, the Fed has  announced a new round of measures to keep financial markets operating smoothly, and to provide lending more directly to those sectors most in need.

653 releases in total