Allianz Research

Allianz Global Wealth Report 2025: Powering ahead

Please note: in the event of discrepancies in calculations and figures, the most recently published value shall apply.

Private credit and higher rates: losses stay contained, but each hike costs more

Private credit losses stay contained, but each hike costs more than the last. After the 25bps hike the Fed delivered in September, the first since July 2023, our baseline assumes three more, taking the terminal range to 4.50%-4.75%. 

European defense one year on: Money is not the problem, capacity (and delivery) are

One year into Europe's landmark rearmament announcements: defense spending has increased, financial commitments have expanded (e.g. SAFE loans, +60% commitments in 2028-2034 EU draft budget) and order books have reached record highs. 

Invest in Germany, Yes, But How?

The first Invest in Germany Summit takes place in Berlin on 19 and 20 October 2026, asking why and how Germany can attract investment. The “why”: a top-tier location that chronically underinvests, including from abroad.