Emerging Europe Economics Update Central Europe inflation outlook still extremely benign The economies of Central Europe may be on the road to recovery but the large amounts of spare capacity created by last year’s recession means that the outlook for inflation remains extremely benign... 13th July 2010 · 1 min read
Europe Economics Update Greece still heavily reliant on its bailout facility On the face of it, today’s Greek treasury bill auction, the first since April’s bailout package was activated, provides some reassurance that markets’ confidence may be gradually returning. But Greece... 13th July 2010 · 1 min read
Europe Data Response German ZEW (Jul.) July’s fall in German investor sentiment highlights concerns that peripheral debt worries and banking sector problems might stem the recovery in the euro-zone’s largest economy before long. 13th July 2010 · 1 min read
UK Data Response UK Consumer Prices (Jun.) The further fall in headline inflation in June suggests that there is still little pressing need for an interest rate rise. But with core price pressures remaining stubborn, inflation nerves will... 13th July 2010 · 1 min read
Japan Data Response Consumer Confidence (Jun.) The further improvement in consumer confidence in June supports other survey evidence that Japan’s economic recovery still has plenty of momentum, despite the recent uncertainty in the financial... 13th July 2010 · 1 min read
UK Commercial Property Focus Property in the new Parliament At the time of the 2015 election, we expect commercial property prices to be more or less unchanged from their current levels. Yet despite the low interest rate environment, the outlook for... 12th July 2010 · 1 min read
Japan Chart Pack Momentum still positive but cracks appearing (Jul 10) Japan’s economy has recently been growing at an annualised rate of around 5%, so some slowdown from here is inevitable. The consumer and business confidence surveys suggest that momentum is holding up... 12th July 2010 · 1 min read
UK Economics Weekly As good as it gets? Data released last week supported the view that, while the economy probably grew at a solid pace in the second quarter, that may be as good as it gets as far as the pace of the UK economic recovery is... 12th July 2010 · 1 min read
Japan Economics Weekly Weak lending is poor evidence of a credit crunch The persistent sluggishness of bank lending has encouraged talk that a shortage of credit is undermining the recovery in Japan’s economy. We still do not find this argument remotely convincing. All... 12th July 2010 · 1 min read
Europe Economics Weekly ECB to support banks as stress tests bring little comfort Last week’s confirmation that stress tests of EU banks will be published on 23rd July did little to ease fears about the sector, probably because the scenarios considered will not be adverse enough... 12th July 2010 · 1 min read
Asia Economics Weekly Thailand set to hike policy rates The Bank of Thailand (BoT) meets this week and we, like the market, expect that they will move the policy rate up by 25bp to 1.5%. The social unrest in April-May appears to have inflicted little long... 12th July 2010 · 1 min read
UK Housing Market Focus Property in the new Parliament At the time of the 2015 election, we expect commercial property prices to be more or less unchanged from their current levels. Yet despite the low interest rate environment, the outlook for... 12th July 2010 · 1 min read
Europe Commercial Property Update World Cup triumph does not improve the Spanish retail outlook While it is not unreasonable to suggest the Spanish retail property market could be boosted by the national team’s World Cup success, unfortunately we think other factors will continue to provide far... 12th July 2010 · 1 min read
Latin America Economics Update Mexico’s industrial recovery losing some of its steam 12th July 2010 · 1 min read
