Europe Data Response Swedish GDP (Q4) Q4’s Swedish GDP figures revealed that the economy remains mired in recession, providing a warning to the Riksbank that monetary policy will need to remain very accommodative for the foreseeable... 1st March 2010 · 1 min read
Europe Commercial Property Update Strong rise in Danish property investment does not yet signal recovery The surge in Danish commercial property investment volumes in 2009Q4 is not as encouraging as it first seems. Although the economy is now expanding again, the 7% peak-to-trough fall in GDP will mean... 1st March 2010 · 1 min read
Japan Economics Weekly How far can we trust the GDP data? The 1.1% q/q increase reported in the preliminary GDP data for the fourth quarter of last year continues to be viewed with scepticism by many analysts. In some cases this may simply be an attempt to... 1st March 2010 · 1 min read
Europe Economics Weekly Are things really as bad as they look? Last week’s disappointing data releases begged the question of whether the euro-zone recovery has ground completely to a halt. The second GDP release confirmed that the German economy stagnated in Q4... 1st March 2010 · 1 min read
Asia Economics Weekly Australia to resume monetary tightening It is a close call, but the Reserve Bank (RBA) is likely to hike rates again at its Tuesday meeting. The no change in early February was always a pause and not the end of monetary tightening... 1st March 2010 · 1 min read
UK Economics Weekly More clear signals from the MPC Comments from the Monetary Policy Committee (MPC) dominated events last week, with the key message being that a further extension of quantitative easing (QE) could soon be on the cards. Of course, we... 1st March 2010 · 1 min read
Europe Data Response Euro-zone CPI (Final Jan.), Ger. & Sp. CPI (1st Est. Feb.) The latest euro-zone, German and Spanish CPI figures highlight the continued lack of inflation pressure in the region. The ECB’s main worry should be the continued threat of deflation, rather than a... 26th February 2010 · 1 min read
UK Data Response Nationwide House Prices (Feb.) Today’s Nationwide house price index suggests that the New Year slump in buyer enquiries and mortgage lending may have reflected, not only the snow and the end of the stamp duty holiday, but also... 26th February 2010 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Jan.) 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 February 2010 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Q1 2010) 26th February 2010 · 1 min read
UK Data Response GDP: Output, Income and Expenditure (Q4) The second estimate of Q4 GDP did little to alter the picture of a very fragile recovery in the UK economy. We still expect GDP growth of only about 1% in 2010. 26th February 2010 · 1 min read
Asia Economics Update India starts fiscal consolidation, higher rates will be next Q4 GDP growth published today came in far weaker than expected but the slowdown will be short. Today’s FY10-11 budget aims to cut the fiscal deficit, which is good news. Private sector spending is... 26th February 2010 · 1 min read
UK Data Response Nationwide House Prices (Feb.) It is still early days, but our prediction last month that April would be the high water mark for house price inflation appears to have been borne out. For now, house prices continue to rise, but... 26th February 2010 · 1 min read
