Europe Economics Weekly German engine can’t power euro-zone recovery While the German economy expanded by an impressive 0.8% in Q1, this failed to spur growth elsewhere in the euro-zone and the region's GDP rose by just 0.2%. Possible explanations for this are the fact... 19th May 2014 · 1 min read
Europe Economics Weekly Negative rates are no silver bullet on their own A negative interest rate on banks' excess reserves at the ECB might have some effect on banks' behaviour and at least prove that the ECB is prepared to follow its dovish words with action. But it must... 21st April 2014 · 1 min read
Europe Economic Outlook Deflation dangers persist The recovery in the European economy appears to have picked up a bit of speed in the early months of 2014. The euro-zone now looks set to expand by 1% or more this year, a significant improvement on... 10th April 2014 · 1 min read
Europe Commercial Property Update What explains falls in Swiss office rental values? Falls in office rental values in Zurich and Geneva seem at odds with the growing Swiss economy. But for Zurich at least, weakness in the financial services sector seems to explain why office take-up... 10th April 2014 · 1 min read
Europe Economics Update SNB's battle with deflation goes on The combination of a sluggish economic recovery, very low inflation and a still strong currency will keep the Swiss National Bank (SNB) in very accommodative mode for the foreseeable future. 20th March 2014 · 1 min read
Nordic & Swiss Economics Update SNB’s battle with deflation goes on The combination of a sluggish economic recovery, very low inflation and a still strong currency will keep the Swiss National Bank (SNB) in very accommodative mode for the foreseeable future. 20th March 2014 · 1 min read
Europe Economics Weekly Stars still aligned for more ECB support Despite last week's stronger than expected euro-zone inflation figures, the combination of still very weak price pressures, the strong euro and recent falls in liquidity in the banking sector still... 3rd March 2014 · 1 min read
Europe Data Response Swiss GDP (Q4 13) While Q4’s Swiss GDP figures were a bit disappointing, they do not suggest that the economy is succumbing to the strength of the exchange rate. 27th February 2014 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q4 13) While Q4’s Swiss GDP figures were a bit disappointing, they do not suggest that the economy is succumbing to the strength of the exchange rate. 27th February 2014 · 1 min read
Europe Economic Outlook Deflation dangers cast shadow over recovery The European economy looks set for another year of weak growth in 2014, with the euro-zone likely to do little more than stagnate. Against that background, the European Central Bank (ECB) is likely to... 15th January 2014 · 1 min read
Europe Economics Weekly The pitfalls in the euro-zone’s road to recovery Although our forecast for euro-zone GDP growth in 2014 of 0.5% is now only a little more downbeat than the consensus estimate, there remain plenty of risks that could yet derail the region's recovery... 6th January 2014 · 1 min read
Europe Data Response Swiss GDP (Q3) Q3’s Swiss GDP figures confirm that the economy is continuing to withstand the effects of the strong currency. But growth remains steady rather than spectacular. 28th November 2013 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q3 13) Q3’s Swiss GDP figures confirm that the economy is continuing to withstand the effects of the strong currency. But growth remains steady rather than spectacular. 28th November 2013 · 1 min read
Europe Economics Weekly Signs of growth convergence provide little comfort Q3's meagre rise in euro-zone GDP clearly was disappointing, but there were some signs that growth within the region is converging. The slowdown was largely down to weaker growth in Germany and France... 18th November 2013 · 1 min read
Europe Economics Focus Assessing two key risks to the Swiss economy We think that the continued strength of the franc will weigh heavily on Switzerland’s exports for some time yet. But fears of overheating in the property market seem overdone, implying that a brighter... 17th October 2013 · 1 min read
Nordic & Swiss Economics Focus Assessing two key risks to the Swiss economy We think that the continued strength of the franc will weigh heavily on Switzerland’s exports for some time yet. But fears of overheating in the property market seem overdone, implying that a brighter... 17th October 2013 · 1 min read
