Asia Economics Focus Bank of Korea to cut rates to a historic low of 1.5% High indebtedness, dysfunctional credit markets, and the prospect of a deep and prolonged global slowdown will drag Korea into its first recession since the Asian financial crisis of 1997. We expect... 31st October 2008 · 1 min read
Asia Economics Update Bank of Japan still not finished cutting rates The Bank of Japan’s willingness to cut interest rates even further from already exceptionally low levels, combined with the prospect of outright declines in both economic activity and prices, suggests... 31st October 2008 · 1 min read
Japan Economics Update Bank of Japan still not finished cutting rates The Bank of Japan’s willingness to cut interest rates even further from already exceptionally low levels, combined with the prospect of outright declines in both economic activity and prices, suggests... 31st October 2008 · 1 min read
Europe Economic Outlook Caught in the storm (Q4 08) The outlook for the European economy has continued to deteriorate as the global financial crisis has intensified and the international environment has worsened. At the same time, domestic housing... 30th October 2008 · 1 min read
ECB Watch Another 50bps now and much more to come Severe strains in financial markets and a rapid deterioration in economic conditions have finally prompted a turnaround in the ECB’s previously hawkish stance. This supports our long-held view that... 30th October 2008 · 1 min read
UK Commercial Property Focus Property in business: a waste of space? How things look now Since the publication of our original Waste of Space report in 2002, we estimate that firms in the UK have taken action that has resulted in annual property-related cost savings of about 1% of GDP... 30th October 2008 · 1 min read
BoE Watch A 75bps cut the next step to 1% rates With the economy plunging into recession and inflation risks rapidly receding, interest rates clearly need to fall considerably further. Accordingly, we expect the Monetary Policy Committee (MPC) to... 30th October 2008 · 1 min read
Global Markets Focus What does history tell us about the outlook for US equities? The prospect of a protracted economic downturn until 2010 at the earliest implies that the upside for US equities is likely to be limited, despite bank recapitalisation. 30th October 2008 · 1 min read
