Nordic & Swiss Economics Update Sweden likely to join the unconventional club soon The Swedish Riksbank’s decision to commit to a prolonged period of low interest rates to help kick start the economy is clearly a step in the right direction, but this alone may not be enough. We... 21st April 2009 · 1 min read
UK Housing Market Outlook No floor in sight for house prices (Q2 2009) There are tentative signs that activity levels in the housing market are bottoming out. Any recovery in activity is, however, unlikely to be sufficiently strong to prevent further house price falls... 20th April 2009 · 1 min read
Europe Commercial Property Update Sharp interest rate cuts won’t help Turkish commercial property The Central Bank of Turkey’s most recent interest rate cut was the second in a row to surprise markets in its scale (75bps, to 9.75% on 16th April). However, unexpectedly sharp rate cuts do not mean... 20th April 2009 · 1 min read
UK Economics Update Treat green shoots with a little caution Barely a day goes by at the moment without another newspaper story on the “green shoots” of recovery or a new forecast predicting a significant improvement in the health of the UK economy. But it is... 20th April 2009 · 1 min read
Europe Economics Weekly The trade loop - Emerging Europe hits the euro-zone 20th April 2009 · 1 min read
Latin America Economics Update BANIXCO surprises the markets, rates heading for 4% 17th April 2009 · 1 min read
Emerging Europe Economics Update Pace of cuts eases, but rates still set to fall (Apr 09) We have argued for some time that the pace of monetary easing across the region would slow as concerns about financial stability weigh on policymakers’ minds. This seems to have been borne out by... 17th April 2009 · 1 min read
UK Housing Market Update Negative equity to affect at least 3 million households Last October we estimated that the current housing market correction would leave some 2.5 million households with at least some degree of negative equity. CML estimates, published yesterday, that... 17th April 2009 · 1 min read
Asia Economics Update Is the sun rising again in Japan? The improvement in consumer confidence reported this morning is consistent with our view that the Japanese economy could start growing again as early as the current quarter. Admittedly, any recovery... 17th April 2009 · 1 min read
Europe Commercial Property Update Resilience of German property yields at odds with the macro outlook To date, German property yields have proved remarkably resilient to the forces pushing property yields sharply higher in the rest of Europe. But, in our view, German property yields do not reflect the... 17th April 2009 · 1 min read
