Europe Economics Update Will a new government halve Spanish unemployment? In order to cut Spanish unemployment significantly, the parties that gain power after voters return to the polls in June will need to focus on retraining the workforce. But even if schemes were... 31st May 2016 · 1 min read
Europe Economics Update Italy’s recovery losing speed The European Commission’s measure of economic sentiment in Italy suggests that the recovery might have gained some pace in Q2. However, April’s increase in unemployment and other, more reliable... 31st May 2016 · 1 min read
Europe Data Response Euro-zone Flash CPI (May) & Unemployment (Apr.) The latest figures on euro-zone inflation and unemployment maintained the picture of subdued price pressures across the region. 31st May 2016 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Apr.) April’s euro-zone monetary data suggest that economic growth remains fairly slow. While the full effects of the ECB’s expanded stimulus measures will not yet have been felt, we doubt that they will... 31st May 2016 · 1 min read
Europe Data Response Danish GDP (Q1) The pick-up in Danish GDP growth in Q1 is welcome news after weakness in the second half of 2015. But sluggish euro-zone growth will also weigh on Danish prospects, and survey measures paint a weak... 31st May 2016 · 1 min read
Nordic & Swiss Data Response Danish GDP (Q1 16) The pick-up in Danish GDP growth in Q1 is welcome news after weakness in the second half of 2015. But sluggish euro-zone growth will also weigh on Danish prospects, and survey measures paint a weak... 31st May 2016 · 1 min read
Europe Economics Weekly Positive signs from Germany but more stimulus needed The German economy got off to a strong start to the year. The healthy 0.7% expansion of GDP in Q1 was driven primarily by a pick-up in investment but also increases in public and private consumption... 27th May 2016 · 1 min read
Europe Commercial Property Update Further scope for German office values to rise Office values in Germany’s four main cities have risen sharply in recent years. But a strong occupier market suggests that valuations aren’t excessively stretched. Furthermore, with a positive outlook... 26th May 2016 · 1 min read
ECB Watch Draghi to be dovish but stress that ECB can’t do it all The European Central Bank (ECB) is likely to maintain a dovish tone at its forthcoming policy meeting on 2nd June, forecasting below target inflation and holding open the door to further policy... 26th May 2016 · 1 min read
Europe Economics Update Eurogroup’s Greek debt pledges fall a long way short The likely disbursement of the next tranche of Greece’s third bailout may have reduced the risk of a summer flare-up of the country’s debt crisis. But with the creditors’ pledges on debt relief... 25th May 2016 · 1 min read
Europe Data Response German Ifo Survey (May) May’s rise in the German Ifo suggests that the economy has continued to grow at pretty healthy rates, but the fast quarterly pace seen in Q1 will not be sustained. 25th May 2016 · 1 min read
Europe Commercial Property Update Have Dublin office yields fallen too far? The decline in prime Dublin office yields towards pre-crisis levels raises the question of whether they have again fallen too far? But with a positive rental growth outlook and risk-free rates at... 24th May 2016 · 1 min read
Europe Economics Focus Is Europe heading back into crisis? With the recovery in the euro-zone economy set to slow and the peripheral countries still facing a Herculean task to address their fiscal problems, there is a danger that Europe’s debt crisis will... 24th May 2016 · 1 min read
Europe Economics Update Austrian result offers only brief respite from far-right’s rise The election of pro-immigration and -EU Alexander Van der Bellen as Austria’s next president keeps the far-right Freedom Party (FPÖ) out of office for now. But the FPÖ remain the top party in general... 24th May 2016 · 1 min read
Europe Data Response German ZEW Survey (May) & GDP Breakdown (Q1) The second German GDP release for Q1 confirmed that stronger domestic spending drove a sharp pick-up in overall activity. But May’s fall in German ZEW investor sentiment supports our view that growth... 24th May 2016 · 1 min read
Europe Data Response Euro-zone Flash PMIs (May) The euro-zone Composite PMI edged down in May despite rises in Germany and France, suggesting that growth in the rest of the euro-zone lost momentum. And with new export orders falling to a 16-month... 23rd May 2016 · 1 min read
