Europe Economics Weekly Euro to fall further as growth prospects weaken The latest news on the euro-zone has been mixed. March’s business surveys brought hope that the recovery has not ground completely to a halt and the agreement of a Greek rescue package was a relief... 29th March 2010 · 1 min read
Asia Economics Update Pakistan set to stay on prolonged hold The State Bank of Pakistan (SBP), as expected, left its policy rate unchanged at 12.50% over the weekend. We forecast that rates will stay on hold for the rest of 2010. The economic upswing should... 27th March 2010 · 1 min read
Japan Economics Update Credibility lost in the Post The plan to raise the caps on postal savings deposits and life insurance is being interpreted by some as positive for Japanese government bonds (JGBs) and by others as a major threat to the banking... 26th March 2010 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Feb.) With January’s slump in housing market activity showing little sign of being reversed and both the labour market and affordability deteriorating, February’s fall in the Land Registry house price index... 26th March 2010 · 1 min read
UK Commercial Property Data Response Institutional investment in property (Q4 09) National Statistics’ measure of net institutional property investment was back in the black in Q4, consistent with the figures already to hand from Propertydata.com. Looking ahead, the strong inflows... 26th March 2010 · 1 min read
Emerging Europe Economics Update Russian rate cut will do little to spur economy Today’s decision by the Central Bank of Russia (CBR) to cut its key interest rates by 25bps came as no surprise. But cuts in official interest rates will do little to spur lending in the real economy... 26th March 2010 · 1 min read
Japan Data Response CPI (Feb.) February’s CPI data were not quite as bad as some of the subsequent commentary has suggested. Nationwide prices did at least rise month-on-month on all the main measures. In the meantime, household... 26th March 2010 · 1 min read
Europe Commercial Property Update French office occupier market recovery not yet set in stone March’s fall in service sector sentiment in France suggests that 2009Q4’s sharp rise in take-up is unlikely to be repeated in 2010Q1. Moreover, with underlying demand also still relatively weak, even... 26th March 2010 · 1 min read
Europe Commercial Property Update What does Portugal’s credit downgrade mean for commercial property? Along with GDP growth turning negative again in Q4, yesterday’s downgrade of Portugal’s credit rating can be nothing but bad news for commercial property. Even before the downgrade, our analysis... 25th March 2010 · 1 min read
Latin America Economics Update Colombia on track to expand by 3% in 2010 25th March 2010 · 1 min read
Global Economics Update Recovery in world trade losing steam Today’s CPB Trade Monitor shows that global trade slipped back in January. The weakness should be short-lived but the recovery from now on will be slow and a hard slog. We believe that GDP growth in... 25th March 2010 · 1 min read
UK Economics Chart Pack Bounce-back from snow may be short-lived (Mar 10) It is clearly reassuring that consumer spending has recovered somewhat after the snow and VAT rise pulled down spending at the start of the year. And in the near-term, spending should receive some... 25th March 2010 · 1 min read
