Allianz Global Wealth Report 2026

China: The slowdown is managed, but not over

China’s GDP growth came in unchanged at +6.0% y/y in Q4 2019, in line with consensus expectations.

2019 was a year to forget for the German economy

At 0.6%, the German economy recorded its weakest GDP growth rate since the Eurozone sovereign debt crisis.

U.S.-China trade deal: No biggie, but de-escalation confirmed

The U.S. and China officially signed a “Phase 1” trade deal on 15 January: The U.S. will halve its 15% tariff on about USD120 billion of Chinese goods and suspend planned duties that were set to take effect last December.