Europe Economics Weekly Latest data highlight divergence across the euro-zone The economic data published this week confirm that euro-zone member states have had very different experiences of the virus so far. This is likely to continue, with Germany outperforming and Spain... 31st July 2020 · 7 mins read
Nordic & Swiss Economics Weekly No sign of let-up in Nordic retail recovery The lack of a see-saw pattern in Nordic retail sales data since February stands in stark contrast to the situation in Switzerland and supports our view that the Nordic economies have fared... 31st July 2020 · 6 mins read
Nordic & Swiss Economics Weekly Unpicking Sweden’s labour data; DNB to cut again The larger-than-expected increase in Swedish unemployment in July was not as bad as it first appeared given that it mainly reflected fewer summer jobs this year. While Sweden has not been immune from... 24th July 2020 · 5 mins read
Europe Economics Weekly More fiscal and monetary stimulus to come We doubt that EU leaders reach a final deal on the proposed Recovery Fund at the conference which its taking place today and tomorrow in Brussels, though a deal is likely eventually. In any case, most... 17th July 2020 · 6 mins read
Nordic & Swiss Economics Weekly SNB makes its case (again) While we doubt that anything conclusive will be agreed at the EU summit this weekend, the likelihood of a joint fiscal package being signed off in due course is consistent with our view that the Swiss... 17th July 2020 · 4 mins read
Nordic & Swiss Economics Weekly Upside risk to forecasts is building While the latest data indicate that the Nordic economies did not come roaring out of the blocks in May, they add to signs that activity in the region has held up much better than in the euro-zone... 10th July 2020 · 5 mins read
Europe Economics Weekly Localised virus outbreaks not derailing the recovery This week brought further evidence that the early stages of the euro-zone’s economic recovery looked remarkably V-shaped. But the rebound will lose pace in the second half of the year and we think it... 10th July 2020 · 5 mins read
Nordic & Swiss Economics Weekly Perky PMIs and a Riksbank surprise The June PMI surveys from the Nordics add to the evidence that the region’s economies are further down the road to recovery than others in Europe. Next week, mainland GDP data from Norway for May will... 3rd July 2020 · 5 mins read
Europe Economics Weekly V-shaped after all? News that German consumers went on a spending spree in May has raised hopes that the recovery will be V-shaped after all, but the wider economy will not get back to normal for a long time yet. Next... 3rd July 2020 · 7 mins read
Nordic & Swiss Economics Weekly Nordic consumers making up for lost time The fact that retail sales volumes grew in year-on-year terms in the Nordic economies in May suggests that the Covid-related drops in consumption may end up being much smaller than we have assumed up... 26th June 2020 · 6 mins read
Europe Economics Weekly Official data signal May rebound, June surveys upbeat This week the first official data for May confirmed the message from the high frequency data and the surveys that economic activity in the euro-zone is recovering fairly strongly. And the latest... 26th June 2020 · 8 mins read
Nordic & Swiss Economics Weekly Revised forecasts; policy stasis; football is back! Amid increasing signs that the Nordic economies have weathered the Covid crisis better than most we have upgraded our forecasts for GDP growth, and expect some clear daylight between growth in Sweden... 19th June 2020 · 4 mins read
Europe Economics Weekly Signs of life after lockdown This week we got some evidence that euro-zone economies are coming back to life after the lockdowns, led by stronger household spending. But they remain far from fighting fit. And next week, several... 19th June 2020 · 7 mins read
Europe Economics Weekly Output down by 25%, TLTRO demand to be strong Data released this week suggest that the euro-zone economy contracted by about a quarter between February and April, and that there has been only a small rebound since then. Next week, the ECB is... 12th June 2020 · 5 mins read
Nordic & Swiss Economics Weekly Sweden is weathering Covid comparatively well The 11% peak-to-trough drop in Swedish household consumption between February and April puts paid to any notion that Sweden has escaped unscathed following its light-touch lockdown. Nonetheless, the... 12th June 2020 · 4 mins read
