Europe Commercial Property Update Has the outlook for Hungarian commercial property improved? While recent news on the Hungarian economy has been surprisingly positive, we are not yet convinced that a sustainable economic recovery is underway. Among other things, Hungary’s fragile banking... 18th May 2010 · 1 min read
UK Data Response UK Consumer Prices (Apr.) CPI inflation surprised on the upside again in April. But Mervyn King made it clear in his letter to the new Chancellor George Osborne that the MPC is not about to panic and raise interest rates in... 18th May 2010 · 1 min read
Europe Data Response German ZEW Survey (May), EZ CPI (Apr.) & Trade (Mar.) May’s renewed decline in the ZEW index suggests that investors are still very worried about the effect of the periphery’s problems on the German economy. 18th May 2010 · 1 min read
UK Commercial Property Outlook Capital values more likely to plateau than peak (Q2 10) Our major macroeconomic forecasts have not changed since the previous Analyst and, broadly speaking, neither have our expectations for the commercial property market. We still expect capital values to... 18th May 2010 · 1 min read
Europe Economics Focus What to make of the ECB’s bond purchases Fears that the ECBs bond purchases will stoke inflation or encourage fiscal laxity are overblown. They do not constitute full-blown quantitative easing and will not allow euro-zone economies to escape... 18th May 2010 · 1 min read
Latin America Economics Focus Clinging to the coattails of China? Latin America has without doubt been one of the major beneficiaries of recent growth in China. But while exports to China have grown ten-fold over the past five years or so, this overstates the true... 17th May 2010 · 1 min read
Global Markets Update New market forecasts – an even stronger dollar ahead We have revised up our GDP forecasts for the US and Japan. (See our latest US Economic Outlook and Japan Economics Weekly.) At the same time, we have reviewed our projections for currency, bond... 17th May 2010 · 1 min read
Asia Economics Update India will probably hike rates again in June Data from India released late last week showed inflation pressures remain high while the economic upswing has stayed strong. Further monetary tightening is only a matter of time and we expect that... 17th May 2010 · 1 min read
UK Economics Update OBR details underline likelihood of tax hikes George Osborne’s presentation today of the new Office for Budget Responsibility as an answer to the previous Government’s habitual over-optimism on the economy and the public finances reinforces our... 17th May 2010 · 1 min read
Asia Economics Update Worst case fear for Thailand diminishing The risk that the political instability is prolonged, and spreads beyond a small area of Bangkok, will stay very high for a while. Nevertheless, we continue to expect that the latest crisis will be... 17th May 2010 · 1 min read
Japan Data Response Machinery Orders (Mar.) Machinery orders are now trending higher, which provides further evidence that business capital spending is picking up too. 17th May 2010 · 1 min read
