Geopolitical events
On September 6, 2026, exit polls from the Saxony--Anhalt state election in Germany indicate a landmark victory for the Alternative for Germany (AfD), which is projected to win approximately 40% of the vote. This result marks the first time a far--right party has positioned itself to potentially form a state government in post--war Germany, creating significant political and macroeconomic uncertainty for Chancellor Friedrich Merz's federal administration. The election was dominated by concerns over industrial competitiveness and the economic fallout from the West Asia War, with the projected outcome likely to complicate federal fiscal reforms and EU--level policy coordination.