Europe Commercial Property Valuation Monitor

Europe Commercial Property Valuation Monitor (Q2 2025)

Commercial property valuations worsened in Q1 this year as alternative asset yields rose while prime property yields edged slightly lower. Looking ahead, we think there is limited scope for falls in...

15th May 2025 · 0 mins read

Europe Rapid Response

Swiss Flash GDP (Q1 2025)

Switzerland’s GDP growth shocked to the upside in the first quarter and grew by 0.7% q/q, shaking off concerns that trade uncertainty would weigh on the economy. This means the SNB is more likely to...

15th May 2025 · 2 mins read

Europe Chart Pack

Europe Chart Pack (May. 2025)

Euro-zone GDP expanded at a decent pace in Q1 but that was partly due to temporary tariff front-running effects. And while higher defence and infrastructure spending will support euro-zone GDP growth...

9th May 2025 · 1 min read

Europe Economics Weekly

Europe Weekly: Is the UK-US deal a good omen for the EU?

EU policymakers won’t have felt too excited about the US-UK trade deal announced yesterday. The deal is limited in scope, the details are yet to be finalised, and the EU might find it more challenging...

9th May 2025 · 7 mins read

Europe Rapid Response

Riksbank Policy Announcement (May 2025)

While the Riksbank left its policy rate unchanged at 2.25% today, policymakers indicated that a rate cut is likely this year given the weakness of the economy. We now think that they are likely to cut...

8th May 2025 · 2 mins read

Europe Rapid Response

Sweden CPI (April)

Sweden’s CPIF inflation was unchanged in April which will give the Riksbank little cause for concern going into its policy decision tomorrow. We expect it to keep the policy rate at 2.25%.

7th May 2025 · 1 min read

Europe Economics Weekly

Europe Weekly: Still little sign of tariff impact, Spanish blackout hit

Data released this week suggest that US tariffs have not had a noticeable impact on euro-zone activity yet. But we still think they will cause GDP growth to grind to a halt in the next six months...

2nd May 2025 · 8 mins read

Europe Economics Update

Riksbank & Norges Bank to hold, downside risks rising

Headwinds are gathering for the Swedish economy, and we expect the Riksbank to strike a dovish tone in its statement next week. But it will probably stop short of cutting the policy rate as it waits...

1st May 2025 · 5 mins read

Europe Commercial Property Update

Swedish industrial real estate prospects remain poor

Stockholm was one of the worst performing industrial markets in western Europe last year. And despite our relatively upbeat outlook for the Swedish economy, we think the coming years will herald more...

29th April 2025 · 3 mins read

Europe Rapid Response

Spain & Sweden GDP (Q1)

Spain’s rapid economic growth (+0.6% q/q in Q1) is likely to continue for some time yet, despite trade uncertainty. While consumption and government spending were weaker than expected in Q1, we think...

29th April 2025 · 2 mins read

Europe Economics Weekly

Europe Weekly: Tariffs may cause EZ GDP to flatline in Q2 and Q3

Business surveys for April suggest that US tariffs have not done much damage in the euro-zone so far. But we think there will be a noticeable impact in the coming months and have reduced our forecast...

25th April 2025 · 9 mins read

Europe Economics Update

Safe haven flows to force SNB into action

With the Swiss currency having experienced its largest two-week appreciation since the “Frankenshock” in 2015, the SNB may already have started selling francs in the FX market. We have a 25bp cut...

11th April 2025 · 4 mins read

Europe Chart Pack

Europe Chart Pack (Apr. 2025)

Higher US tariffs will be a substantial drag on the euro-zone economy this year. Looser fiscal policy in Germany will give a small boost in 2026, but overall we expect the euro-zone to grow fairly...

9th April 2025 · 1 min read

Europe Chart Pack

Europe Chart Pack (April 2025)

Higher US tariffs will be a substantial drag on the euro-zone economy this year. Looser fiscal policy in Germany will give a small boost in 2026, but overall we expect the euro-zone to grow fairly...

8th April 2025 · 0 mins read

Europe Rapid Response

Sweden CPI (March)

Despite easing in March, CPIF inflation excluding energy remained elevated and is likely to remain high throughout this year. We are forecasting the Riksbank to keep its policy rate at 2.25% over that...

4th April 2025 · 1 min read