Bank of Japan Watch More easing still required as BoJ “only halfway there” Until recently, the majority of analysts had expected the Bank of Japan to announce more easing at the meeting that concludes next Tuesday (15th July). But recent upbeat communication by central bank... 8th July 2014 · 1 min read
UK Commercial Property Update Retail warehouse rents are poised to recover, but slowly The revival of housing market activity is likely to resume in the second half of the year and this shouldhelp to stimulate the retail warehouse occupier market. But given signs that rent-free periods... 8th July 2014 · 1 min read
Emerging Europe Economics Update Polish price pressures weak, but don't point to outright deflation Recent concerns about the risk of deflation in Poland have prompted the National Bank to raise the possibility of a cut in interest rates later in the year. As it happens, most indicators of... 8th July 2014 · 1 min read
UK Data Response Industrial Production (May) May’s industrial production figures suggested that the stronger pound might bestarting to slow the revival of the manufacturing sector. Nonetheless, there is still agood chance that the overall... 8th July 2014 · 1 min read
Europe Economics Update Norway set for several bouts of monetary loosening The Swedish Riksbank’s interest rate cut last week will put pressure on the Norges Bank to follow suit. We expect the Bank to cut its policy rate by the end of the year. And as spending in the energy... 8th July 2014 · 1 min read
Europe Economic Outlook As good as it gets? While the European economic recovery probably picked up a bit of speed in the second quarter of the year, there are growing signs that Q2 was as good as it is likely to get. Activity indicators in the... 8th July 2014 · 1 min read
Japan Data Response Economy Watchers Survey (Jun.) & Current Account (May) The Economy Watchers Survey for June shows that optimism about the outlook has stabilised close to pre-tax hike levels and suggests that the economic recovery will continue in the second half of the... 8th July 2014 · 1 min read
Asia Economics Update A look ahead to Asia’s prospects for 2016 The recovery in demand for Emerging Asia’s exports is unlikely to have run its course by 2016. However, with the Fed’s tightening cycle likely to be gathering pace, credit growth cooling and... 8th July 2014 · 1 min read
Nordic & Swiss Economics Update Norway set for several bouts of monetary loosening The Swedish Riksbank’s interest rate cut last week will put pressure on the Norges Bank to follow suit. We expect the Bank to cut its policy rate by the end of the year. And as spending in the energy... 8th July 2014 · 1 min read
Global Markets Update How will the US stock market handle Fed tightening? The US stock market has tended to fare quite well during previous Fed tightening cycles. Although we think its performance in the next cycle will be below average, we still expect it to creep higher. 7th July 2014 · 1 min read
Canada Economics Update Business confidence falls amid uncertain outlook While the Bank of Canada's summer Business Outlook Survey results point to an improvement in the fundamental drivers of economic growth, businesses seem less sure about the economic outlook. In... 7th July 2014 · 1 min read
Global Economics Update How will the US stock market handle Fed tightening? The US stock market has tended to fare quite well during previous Fed tightening cycles. Although we think its performance in the next cycle will be below average, we still expect it to creep higher. 7th July 2014 · 1 min read
Emerging Europe Economics Update Private sector debt still a major concern in parts of the region Domestic demand has been subdued across much of Emerging Europe over the past five years in part due to the fact that households and firms have been deleveraging following the credit boom of the past... 7th July 2014 · 1 min read
US Economics Focus Is the neutral interest rate now lower? The higher post-crisis cost of financial intermediation, increased risk aversion, higher precautionary saving and the decline in the US economy's potential growth rate mean that the neutral real fed... 7th July 2014 · 1 min read
Middle East & North Africa Economics Update Egypt’s subsidy cuts a good first step but still more to be done The package of energy subsidy cuts unveiled by the Egyptian government over the weekend is a positive first step towards tackling the country’s gaping budget deficit. Further reforms will be needed to... 7th July 2014 · 1 min read
