Allianz Euro Monitor 2018: As good as it gets?

A decade after the onset of the great financial crisis, the Eurozone as a whole appears to be in relatively good shape again. Unemployment has dropped sharply, the current account now boasts a robust surplus and the positive trend in public finances meant that in 2018, for the first time ever, all Eurozone countries respected the 3% Maastricht criterion with the average Eurozone budget deficit coming in at 0.6% in relation to GDP.

Allianz Euro Monitor 2017: Economic tailwind but reluctance to reform

From an economic point of view, the eurozone could hardly be in better shape than it is today. The upswing seems likely to continue , the peak has just begun. This development is reflected in the results of this year's Euro Monitor, with which we measure the state of the euro economies on the basis of 20 indicators every year.

The net interest income of private households

In summer 2017, the ECB made a surprising move by releasing calculations on the net interest income of households in various EMU countries. According to the ECB's data, the income effects of the low interest rates were low in general (totaling up to 2% of GDP at the most), to the extent of being negligible in Germany. What is more, there were no signs of any pattern emerging with regard to the effects - with more positive effects on the (indebted) "south" of the continent and more negative effects on the (thrifty) "north".

TrendWatch: Beyond populism

Populist economic policies can boost growth and financial markets in the short term, but they also purport uncertainty and volatility. Populists’ disdain for checks and balances threatens to weaken pluralist democracies, while their predilection for facile solutions rarely results in sound policies.

Returns on private assets in selected EMU countries

In our latest report “Returns on private assets in selected EMU countries”, we investigate household savings behavior in nine European countries since 2003. In doing so, we are not only interested in the volume of savings but also in the contributions of investment income and value gains – the implicit yield on financial assets – before, during and after the crisis.

German economic forecast 2018

The German economy clearly moved up a gear in the first half of 2017. At an annual rate, real gross domestic product (GDP) growth came in at 2.7%, the strongest since the first half of 2011.

Global insurance markets - Current status and outlook up to 2027

In their latest study, Allianz SE analyzes the growth prospects of global life and p&c insurance markets. After the meager years of the financial and economic crisis, insurers can look ahead with more confidence: While insurance premiums grew worldwide by only 3.1 percent between 2008 and 2016, growth should accelerate to 5.9 percent over the next decade.

Impact of monetary policy on yields

The yields on long-term bonds no longer tie in with fundamental economic data like inflation and economic growth. The deviations can be explained by the impact of monetary policy.

Allianz Euro Monitor 2016: Waning reform momentum

Despite the healthy economic performance in 2016, the eurozone failed to make further progress in reducing macroeconomic imbalances.