Europe Economic Outlook Euro-zone recession to deepen in 2013 While the lull in the euro-zone debt crisis has continued in recent months, the news on the region’s economy has remained distinctly downbeat. Despite some improvement towards the end of last year... 9th January 2013 · 1 min read
Europe Economics Update Negative bank rates won't depress the Swiss franc for long Credit Suisse’s announcement that it will charge other banks for holding large Swiss franc deposits with it has helped to ease the pressure on the currency for now. But while we have revised down our... 4th December 2012 · 1 min read
Nordic & Swiss Economics Update Negative bank rates won’t depress the Swiss franc for long Credit Suisse’s announcement that it will charge other banks for holding large Swiss franc deposits with it has helped to ease the pressure on the currency for now. But while we have revised down our... 4th December 2012 · 1 min read
Europe Data Response Swiss & Swedish GDP (Q3) Swiss and Swedish GDP figures for Q3 showed that the two economies remained resilient despite the euro-zone’s troubles. But while both may avoid deep recessions next year, we expect growth to be much... 29th November 2012 · 1 min read
Nordic & Swiss Data Response Swiss & Swedish GDP (Q3 12) Swiss and Swedish GDP figures for Q3 showed that the two economies remained resilient despite the euro-zone’s troubles. But while both may avoid deep recessions next year, we expect growth to be much... 29th November 2012 · 1 min read
Europe Economic Outlook A lull in the storm Expectations of stronger policy support from the European Central Bank have prompted a period of relative calm in the euro-zone. But previous lulls have not lasted for very long. There are still few... 16th October 2012 · 1 min read
Europe Commercial Property Update Will industrial rental value growth in Zurich outpace Geneva? Industrial rents seem to be more sensitive to changes in the Swiss economy in Geneva than in Zurich. And industrial rents in Geneva also look a little high compared to Zurich, at least relative to... 15th October 2012 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q2 12) Q2’s fall in Swiss GDP could mark the start of a new recession. While Switzerland’s domestic outlook is far better than that of the euro-zone, the open economy will suffer from a strong currency and... 4th September 2012 · 1 min read
Europe Data Response Swiss GDP (Q2) Q2’s fall in Swiss GDP could mark the start of a new recession. While Switzerland’s domestic outlook is far better than that of the euro-zone, the open economy will suffer from a strong currency and... 4th September 2012 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Emerging Europe – at a turning point? Norway and Sweden continue to ride out the euro-zone crisis relatively well. But the picture in Emerging Europe is less bright. The Czech and Hungarian economies both contracted in Q2, while the pace... 24th August 2012 · 1 min read
Europe Commercial Property Update Despite safe-haven status, Swiss property yields likely to rise We think that the safe-haven status of Switzerland’s commercial property market has allowed Swiss all-property yields to fall to very low levels. But now they look stretched and vulnerable to a... 18th July 2012 · 1 min read
Europe Economics Weekly Bail-out talks are the next key hurdle for Greece The formation of a coalition Government headed by New Democracy has reduced the chances of Greece exiting the euro-zone imminently. But the political situation remains precarious and the Government’s... 25th June 2012 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Investors shun Emerging Europe in the first quarter Most of the non-euro-zone European economies grew in Q1 2012. However, economic sentiment has been below normal in a majority of these countries and property investment volumes fell sharply in CEE in... 1st June 2012 · 1 min read
Europe Commercial Property Update RICS Global Survey too upbeat on Polish and Czech rental values Last week’s Q1 2012 RICS Global Survey revealed a divergence in surveyors’ expectations for commercial property rental growth in Emerging Europe. We agree that the outlook is brightest in Russia and... 10th May 2012 · 1 min read
Growth to disappoint as the euro-zone crisis drags on The euro-zone economy is heading back into recession. And if we are right that the euro-zone is not sustainable in its current form, the downturn will extend into 2013 and eventually encompass all... 30th April 2012 · 1 min read
Europe Commercial Property Update Negative outlook for Swiss office rents The results of the KOF survey released this morning did little to change our view that office rents will decline this year. Subdued economic growth is likely to trigger fresh weakness in the labour... 27th April 2012 · 1 min read
