Allianz Trade

Ready. Paris. GO! 🏊♀️🚴 🎊 After years of dedication and preparation, the Olympic Games Paris 2024 are finally here – and as Allianz is the Worldwide Insurer, we’re proud to play our part in getting Paris ready for the Games. We can’t wait to see the athletes come together in peaceful competition as they look to achieve their sporting dreams. But preparing for the Olympic Games goes beyond the athletes. It’s about the volunteers and fans. The road sweepers and baristas. So as you get ready to enjoy the action on the field, don’t forget to thank those unsung heroes who make it all happen. Our Allianz Trade athletes are ready – are you? International Olympic Committee – IOC #OlympicsWithAllianzTrade #Paris2024 #Olympics #ReadyParisGo #Allianz

🌎 This week, our economists look at three critical issues: 1️⃣ First, US Fed: Wake me up when September ends. On 30 July, the #Fed is likely to remain on hold once again. But encouraging signs of #inflation cooling down should convince the Fed to deliver its first rate cut as soon as September (-25bps to 5.25%), especially since solid GDP momentum does not seem to be jeopardizing price stability. 2️⃣ Second, Medium-term outlook broadly positive for EM currencies. Emerging market currencies have depreciated significantly on the back of the Fed’s delayed rate cuts and restricted investor appetite, exacerbated by regional and local factors such as the political calendar and fiscal concerns. The medium-term outlook remains broadly positive, driven by solid economic growth and slowing inflation. But while Balance-of-Payment risks have moderated, Argentina, Egypt, Ghana, Nigeria, Tunisia and Türkiye are still at risk. 3️⃣ Third, Vietnam: Eyes on the "market economy" prize. On 26 July, the US is likely to officially recognize #Vietnam as a “market economy”, a long sought-after feather in the cap of Southeast Asia’s growing export powerhouse. The US now represents roughly 30% of Vietnam’s exports, up from less than 20% a decade ago, and Vietnam now represents nearly 4% of US imports, up from around 1% a decade ago. However, its rising dependence on imports from China and the risk of tougher trade policy following the US elections could still hold back Vietnam's long-term progress. Read the full report here: https://ow.ly/KVn250SK2hA

☀️ Clean energy is booming! Clean #energy growth and demand broke records last year. But the sector is also facing major risks such as supply chain volatility, economic risks, and geopolitical conflicts. At Allianz Trade, we aim to support these companies so they can grow safely: it is part of our pledge to support the overall economy's sustainable transition. In our latest article, Allianz Trade’s Dan Lewis and Ryan Wimberly explain how companies can safely leverage the opportunities offered by this sector: https://ow.ly/XzIo50SJN3e #AllianzTradeExperts - Allianz Trade in North America

🌟 Room for optimism? In the face of challenging trade conditions, exporters are grabbing the opportunity for growth! The latest Allianz Trade Global Survey has revealed that businesses are optimistic about international expansion in 2024 and beyond. 🚢 🔓 Unlock the five dynamic strategies companies are using to boost their exports while tactfully navigating trading risks in the fresh article "5 tips for turning 2024’s trade challenges into export success.": https://ow.ly/PZnT50SAlZb #GlobalTrade #AllianzTradeGlobalSurvey2024

"Living abroad, you learn to see everything not in black and white, but in a scale of gray – or to find another color.” 🌍 As Group Credit Underwriting Manager at Allianz Trade en France, Michele Manghi connects with people across a range of geographic regions every day. To perform at his highest ability, he says maintaining an open mind is key – a practice he’s mastered through his extensive experience in Italy, North America, and Argentina. As part of our interview series on mobility at Allianz Trade, Michele shares what he’s learned from studying and working abroad, plus next steps for expanding his horizons. Read the full article here: https://ow.ly/zGBI50Sq72C #AllianzTradeTeam #WeCareForTomorrow #GlobalMobility #InternationalExperience #CareerGrowth

📈 Though demand for #metals is skyrocketing, uncertainty, price volatility and CAPEX needs make companies very cautious. But with demand set to double if not triple amid the green transition – especially for #copper and #lithium – exploration ⛏️ needs to step up as mining lead times are getting longer. Some metals could fall into a supply gap, which will require more investments in exploration and the development of new capacities. In 2023, exploration budgets declined -3% from a nine-year high in 2022 to reach USD12.8bn. These budgets are not expected to increase substantially, which could hinder the sector in the longer run. Moreover, speculative behavior is on the rise and fuels bubbles which could be detrimental to metals and mining firms as well as downstream sectors. 🚛 To close supply gaps, governments should broker alliances and partnerships with mineral-rich countries. At the same time, alternative technologies should incentivize innovation and strategic planning for mining majors and not a wait-and-see attitude. Find out more in our new report: https://ow.ly/EUXB50SHUzp

What are the trends shaping economic prospects? From growth and inflation to monetary policy and manufacturing, our experts weigh in on the factors affecting these trends and the outlook for the coming months: Ana BOATA, head of economic research, explains how the manufacturing sector in the #Eurozone could recover: https://lnkd.in/eu5DEhUM And Dan North, senior economist at Allianz Trade North America, on the consumer price index in the United States and ongoing stickiness in the #housing market: https://lnkd.in/ewZ9Xsw3

Just as in a competitive business landscape, at #Paris2024 recognizing the importance of pausing at the right moment to seize an opportunity can be crucial. 🤔 Proactively seeking out challenges can propel your business ahead of the curve, achieving success in uncharted territories. As a Worldwide Partner of the Olympic and Paralympic Movements, we inspire our clients to seize their moment. When was the last time you grasped an opportunity right in front of you? 🙌 #ReadyParisGo #GetReadyForTheBest #OlympicsWithAllianzTrade #ConfidenceInTomorrow #Allianz #Olympics #Paralympics

🌟 Discover the essence of our mission at Allianz Trade through our manifesto! Michael Eitelwein, Member of the Board of Management and COO, shares his inspiring quote on our commitment to excellence and innovation. 🚀 Learn what drives us forward and why we are dedicated to making a difference. #AllianzTradeTeam #WeCareForTomorrow #Manifesto #Leadership

Exciting times for Cross-Functional Mobility at Allianz Trade! 🌍 Our Regional Head of Department People Center of Expertise DACH, Claudia Gaebel, shares her testimonial on the incredible opportunities for career growth and development across different functions. 🚀 Discover how Allianz Trade supports our employee's journey to success. #CareerGrowth #CrossFunctionalMobility #AllianzTradeTeam #WeCareForTomorrow