Filtered by Subscriptions: Europe Economics Use setting Europe Economics
The European Commission’s call for a fiscal stimulus of 1.5% of GDP makes little difference to the economic outlook. Indeed, some European governments will argue that they have already done enough. Nonetheless, the economic downturn looks set to put a …
26th November 2008
This report is only available as a PDF. Click to download. … German CPI (1st Est. Nov.) …
This report is only available as a PDF. Click to download. … Norwegian GDP (Q3) …
25th November 2008
This report is only available as a PDF. Click to download. … German GDP (Q3) & Consumer Confidence (Dec.) …
This report is only available as a PDF. Click to download. … German Ifo Survey (Nov.) …
24th November 2008
This report is only available as a PDF. Click to download. … What threat of deflation in the euro-zone? …
This report is only available as a PDF. Click to download. … Euro-zone Flash PMIs (Nov.) …
21st November 2008
The joke about the differences between Iceland and Ireland (one letter and about six months) might provide some encouragement to the latter in the light of recent signs that Iceland is turning the corner. But the economy still faces major challenges. … …
20th November 2008
Iceland’s $4.6bn IMF-led rescue package will provide the economy with much-needed funds to help cover its external financing requirement. But it will not be enough to prevent a severe and prolonged economic slump. … Iceland: Outlook bleak, despite IMF …
This report is only available as a PDF. Click to download. … Spanish GDP (Q3) …
19th November 2008
Recent data on the Italian external sector has painted a worrying picture of the outlook for exporters. With the domestic economy in no position to pick up the slack, we think that the consensus view that Italy will stagnate next year looks far too …
18th November 2008
This report is only available as a PDF. Click to download. … How deep will the euro-zone recession be? …
17th November 2008
This report is only available as a PDF. Click to download. … Euro-zone GDP (Q3) & Final CPI (Oct.) …
14th November 2008
This report is only available as a PDF. Click to download. … German Preliminary GDP (Q3) …
13th November 2008
The latest information on pay negotiations in Germany supports our view that any pick-up in wages growth in the coming months will be modest and short-lived. While this is bad news for German consumers in the near term, at least it should encourage the …
12th November 2008
This report is only available as a PDF. Click to download. … Euro-zone Industrial Production (Sep.) …
This report is only available as a PDF. Click to download. … German ZEW Survey (Nov.) …
11th November 2008
This report is only available as a PDF. Click to download. … France & Italy Industrial Production (Sep.) …
10th November 2008
This report is only available as a PDF. Click to download. … Is the ECB being too timid? …
This report is only available as a PDF. Click to download. … German Ind. Prod'n (Sep.) & ECB Bank Lending Survey (Q4) …
7th November 2008
Following today’s decision to cut interest rates by 50bp to 3.25%, President Trichet’s comments confirmed that the ECB is not about to slash rates as aggressively as the Bank of England. Nonetheless, with the ECB’s earlier inflation worries paling into …
6th November 2008
Despite today’s downward revisions, the French Government’s projections for GDP growth and the public finances still look much too optimistic. The fact that the Government seems prepared to allow public borrowing to rise markedly as the economy weakens is …
This report is only available as a PDF. Click to download. … Euro-zone Retail Sales (Sep.) & Final Composite PMI (Oct.) …
5th November 2008
The euro-zone economic outlook has gone from bad to worse. The sharpest ever drop in the previously reliable EC Economic Sentiment Indicator in October left it pointing to annual falls in GDP of around 0.5%. Activity might not plunge as rapidly as this …
4th November 2008
This report is only available as a PDF. Click to download. … Euro-zone Producer Prices (Sep.) & Spain Unemp. (Oct.) …
The latest data from the industrial sector provide the clearest signs yet that the global economic slowdown, coupled with Italy’s fundamental lack of competitiveness, is taking a heavy toll on the Italian economy. … Italian recession to be worse than the …
3rd November 2008
This report is only available as a PDF. Click to download. … Weaker euro won’t stop economy contracting …
This report is only available as a PDF. Click to download. … Euro-zone Flash CPI (Oct.) & Unemployment (Sep.) …
31st October 2008
The outlook for the European economy has continued to deteriorate as the global financial crisis has intensified and the international environment has worsened. At the same time, domestic housing markets have weakened and business confidence has slumped. …
30th October 2008
Severe strains in financial markets and a rapid deterioration in economic conditions have finally prompted a turnaround in the ECB’s previously hawkish stance. This supports our long-held view that interest rates will fall further than markets have been …
This report is only available as a PDF. Click to download. … Euro-zone EC Survey (Oct.) …
The Norges Bank today cut interest rates for the second time this month and signalled that further cuts are to come. But we continue to expect stronger economic fundamentals to ensure that rates fall less sharply than in most other developed economies …
29th October 2008
This report is only available as a PDF. Click to download. … German CPI (1st Est. Oct.) …
To date, only a few major economies have been afflicted by large scale falls in house prices. But all that will change in 2009. Housing is significantly overvalued across much of Europe, as well as in Australia and Canada. Our analysis suggests that there …
The Norges Bank today cut interest rates for the second time this month and signalled that furthercuts are to come. But we continue to expect stronger economic fundamentals to ensure that rates fallless sharply than in most other developed economies next …
The franc’s latest appreciation to a record high against the euro appears to reflect the weakness of the euro-zone economy more than Swiss domestic factors. But the franc’s strength is yet another reason to expect the Swiss economy to weaken significantly …
28th October 2008
This report is only available as a PDF. Click to download. … German Ifo Survey (Oct.) & Euro-zone Money Supply (Sep.) …
27th October 2008
This report is only available as a PDF. Click to download. … What chance of a fiscal boost? …
This report is only available as a PDF. Click to download. … Euro-zone Flash PMIs (Oct.) …
24th October 2008
The decision by the Swedish Riksbank to cut interest rates to 3.75%, the second 50 basis points cut this month, clearly shows that the Bank’s full attention is now on preventing a major economic slowdown. Given that the bank had hiked rates as recently as …
23rd October 2008
This report is only available as a PDF. Click to download. … French Consumer Spending (Sep.) & Business Confidence (Oct.) …
The recent acceleration in the dollar’s appreciation against other major currencies (with the notable exception of the yen) reflects a combination of factors, none of which is likely to reverse any time soon. We are therefore revising our dollar forecasts …
22nd October 2008
Iceland appears to be on the verge of gaining financial assistance from the IMF, Japan and the Nordic region. While this may be the first step in bringing the economy back from the brink of meltdown, it will not prevent a severe recession. … Icelandic …
21st October 2008
This report is only available as a PDF. Click to download. … Bank rescue won't prevent lending slowdown …
20th October 2008
This report is only available as a PDF. Click to download. … Euro-zone Trade Balance (Aug.) …
17th October 2008
Inflation pressures across the world are set to fade rapidly over the coming months. Indeed, with oil prices plummeting, food prices set to fall and much weaker levels of demand and activity likely to create large amounts of spare capacity, some economies …
16th October 2008
One consequence of the global economic downturn will be a severe deterioration in labour market conditions. In the euro-zone, we expect unemployment to rise from 11.3 million to 14.5 million by the end of next year, pushing the unemployment rate up from …
The Norges Bank’s decision to cut interest rates for the first time in more than four years was driven by the recent events in global financial markets. But with the outlook for economic activity deteriorating and inflation worries easing, further …
15th October 2008
