Europe Commercial Property Update Lower property investment volumes in store for Europe in 2012 If we are right that all euro-zone member states will fall back into recession next year, commercial property investment volumes in the region are likely to be a major casualty. We would not be... 20th December 2011 · 1 min read
Latin America Economics Update Q3 probably as good as it gets for Colombia The Colombian economy has outperformed much of the region in recent quarters and is on track to expand by 5.5% this year. But while it should continue to do relatively well next year, it seems... 20th December 2011 · 1 min read
Emerging Europe Economics Focus The economic consequences of Russia's unrest The eruption of anti-government protests in Russia has come at a time of growing strains in the country’s consumption-led growth model. But while hopes for reform are rising, the paradox facing... 20th December 2011 · 1 min read
Europe Economics Update Swedish Riksbank cuts rates and more likely to come The Swedish Riksbank’s decision to reduce interest rates is a timely reminder that even the strongest performing European economies are not immune from the effects of the euro-zone debt crisis. We... 20th December 2011 · 1 min read
Europe Data Response German Ifo Survey (Dec.) The small rise in the German Ifo index in December was a welcome surprise, but it hardly transforms the outlook for the economy. 20th December 2011 · 1 min read
Capital Daily Surveys should highlight weakness in European economies 20th December 2011 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank cuts rates and more likely to come The Swedish Riksbank’s decision to reduce interest rates is a timely reminder that even the strongest performing European economies are not immune from the effects of the euro-zone debt crisis. We... 20th December 2011 · 1 min read
Middle East & North Africa Chart Pack Clouds gather over North Africa Successful elections in Tunisia and Morocco, and initially in Egypt, have been overshadowed by a marked deterioration in economic conditions in North Africa. Indeed, Egypt is at a growing risk of a... 20th December 2011 · 1 min read
Global Markets Update 2012 should be another disappointing year for US equities The US stock market is ending 2011 with a whimper. The S&P 500 has fallen so far in December, and is fairly close to our year-end target of 1,200. While we do not expect equity prices to collapse next... 20th December 2011 · 1 min read
Emerging Europe Economics Update Hungary: further tightening on the cards The National Bank of Hungary (NBH) hiked interest rates today, as expected. But with the government at loggerheads with the central bank, talks with the IMF seemingly having broken down and fresh... 20th December 2011 · 1 min read
Asia Economics Update Kim Jong-il's death adds to Korean uncertainty Given the lack of transparency in North Korea, it would be unwise to leap to any conclusions following news of Kim Jong-il’s death. Our best guess is that the uncomfortable status quo will continue... 19th December 2011 · 1 min read
US Economics Update 2012 will be another year of sluggish growth We expect GDP growth of 1.5% for next year, down trivially from about 1.7% this year. Inflation should fall sharply to below 1% by year end, as commodity prices continue to drop back and the... 19th December 2011 · 1 min read
UK Housing Market Update First thoughts on the revised Mortgage Market Review The FSA’s proposals to put a revised affordability test at the centre of the mortgage underwriting process will not dampen materially further the flow of mortgage credit from today’s subdued levels... 19th December 2011 · 1 min read
Europe Economics Update The implications of a French downgrade The immediate, mechanical effect of a French credit rating downgrade might not be too severe as it has already been at least partly priced in by financial markets. But it could have disastrous... 19th December 2011 · 1 min read
Emerging Europe Chart Pack Sliding back into recession The past month has brought further evidence – if any were needed – that Emerging Europe will not escape unscathed from the gathering storm in the euro-zone. Unsurprisingly, perhaps, the region’s most... 19th December 2011 · 1 min read
UK Commercial Property Chart Pack Institutions remain net property sellers Property Archive reported that, thanks to the office sector, investment market activity rose for the seventh month in a row in November. But there are now signs of a nascent sell-off by investing... 19th December 2011 · 1 min read
