Emerging Europe Chart Pack Growth fears back with a bang Growth clouds are gathering over Emerging Europe. Leading indicators, such the manufacturing PMIs, have weakened across the board, growth in key export markets (notably Germany) is cooling and Q2 GDP... 25th August 2011 · 1 min read
Europe Commercial Property Update What is the outlook for Warsaw office rents? The current, double-digit pace of rental value growth in the Warsaw office market is not sustainable. But despite a large development pipeline, we believe that Poland’s relatively solid economic... 9th August 2011 · 1 min read
Emerging Europe Economics Update Q2 slowdown a sign of things to come Leading indicators suggest that annual growth slowed in pretty much every economy in the region in Q2 of this year. Unfortunately, rather than being just a temporary blip, we think that this is a sign... 3rd August 2011 · 1 min read
Emerging Europe Chart Pack Inflation close to peaking Inflation is close to peaking in most countries in Emerging Europe. Indeed, it may already have done so in Russia. 29th July 2011 · 1 min read
Emerging Europe Economics Focus Euro-crisis: How big is the contagion threat? The prevailing view that Emerging Europe should be able to avoid contagion from the escalating crisis in the euro-zone could prove to be dangerously complacent. At the very least, strong trade ties... 22nd July 2011 · 1 min read
Emerging Europe Economics Update E.coli outbreak not the only disinflationary factor Inflation fell sharply in most countries in the region last month, due in large part to a surprise drop in food prices. This appears to have been driven by one-off factors relating to the outbreak of... 20th July 2011 · 1 min read
Emerging Europe Economics Update Dip in Polish inflation takes pressure off NBP Poland has become the latest country in the region to report slower than expected inflation for June. Once again, the sharp drop in food prices appears to have been caused by one-off factors relating... 14th July 2011 · 1 min read
Europe Commercial Property Update Should we be concerned about the drop in Polish footfall? June’s drop in Polish footfall might suggest that the health of Poland’s retail occupier market is not as strong as many believe. However, the footfall figures are volatile. Together with the strong... 14th July 2011 · 1 min read
Emerging Europe Economics Update Poland’s twin deficits cloud an otherwise bright outlook Poland’s economy remains in something of a ‘sweet spot’ for now, but recent upward revisions to the current account shortfall reinforce our long-standing concerns about the country’s twin deficits. In... 8th July 2011 · 1 min read
Emerging Europe Economics Update Polish interest rates on ice Adding to dovish comments by monetary policy committee members, the statement following today’s decision to leave interest rates on hold in Poland points to a prolonged pause in rate changes. The... 7th July 2011 · 1 min read
Emerging Europe Economics Update Manufacturing growth slowing, price pressures easing June’s Manufacturing PMIs suggest that the previously impressive recovery in the region’s industrial sector is now losing steam and that price pressures are starting to ease. 2nd July 2011 · 1 min read
Emerging Europe Chart Pack Running into external headwinds The economies of Emerging Europe are running into external headwinds. The most obvious of these is the deepening sovereign debt crisis in the euro-zone, which, despite the fact that Greece looks to... 1st July 2011 · 1 min read
Emerging Europe Economics Update Inflation still driven by food and energy Headline inflation has remained at uncomfortably high levels across the region, at the same time as activity in industrial and service sectors is beginning to wane. This underscores the policy dilemma... 17th June 2011 · 1 min read
Emerging Europe Economics Update Polish inflation - not yet time to worry The surprise acceleration of Polish inflation in May confirm the buoyancy of the economy but reflects mainly the impact of three temporary factors – global food and fuel price inflation and a rise in... 16th June 2011 · 1 min read
Emerging Europe Economics Update Polish interest rates: time to pause The statement following today’s Polish interest rate hike was more dovish than in recent months, highlighting the risks to the recovery and the hope that front-loading monetary tightening will support... 8th June 2011 · 1 min read
