Nordic & Swiss Economics Update Norges Bank policy unchanged, but rate cut on the way The Norges Bank left its key policy rate unchanged today, but with the economy weak and inflation set to fall this year, we think that further loosening is on the way. 12th May 2016 · 1 min read
Europe Economics Update Greek debt talks won’t provide much relief The compromises reached by Greece and its creditors this week should allow the first bailout review to finally be completed and have prompted a favourable market response. But the first discussions... 11th May 2016 · 1 min read
Europe Economics Update Iceland holds rates but further tightening will be needed Iceland’s central bank kept its interest rates unchanged for the fourth consecutive meeting. But with price pressures set to pick up in the second half of the year, further tightening will be needed. 11th May 2016 · 1 min read
Nordic & Swiss Economics Update Iceland holds rates but further tightening will be needed Iceland’s central bank kept its interest rates unchanged for the fourth consecutive meeting. But with price pressures set to pick up in the second half of the year, further tightening will be needed. 11th May 2016 · 1 min read
Europe Data Response German Industrial Production (Mar.) Despite March’s sharp fall in German industrial production, the sector appears to have contributed strongly to GDP growth in Q1. However, evidence from the business surveys suggests that underlying... 10th May 2016 · 1 min read
Europe Economics Update Will Ireland’s new Government keep the recovery going? The formation of a new Irish government has removed some short-term political uncertainty. And the outlook for the economy over the coming years is fairly bright. That said, the government can do... 9th May 2016 · 1 min read
Global Economics Chart Pack US to regain momentum, euro-zone to slow The US economy looks set to regain some momentum in the second quarter after a weak performance in Q1 as the drags from previous dollar strength and the slump in oil prices continue to fade. But... 6th May 2016 · 1 min read
Europe Commercial Property Update Denmark and Sweden industrial rents set to outgrow Norway Norwegian manufacturing sector activity has slowed due to the drop in the oil price, whereas in Denmark and Sweden, output continues to grow steadily. Across the 2016-19 period, this will support... 6th May 2016 · 1 min read
Europe Economics Weekly EC’s sober forecasts are still too optimistic Last week’s EC Spring forecasts presented a pretty uninspiring picture of the euro-zone economy’s prospects. Despite the unprecedented degree of monetary policy support, growth is expected to slow... 6th May 2016 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Apr.) Full year general government figures for 2015 show that most euro-zone countries’ fiscal positions improved last year, although Portugal and Spain still fell short of their targets. Meanwhile... 5th May 2016 · 1 min read
Europe Chart Pack Strength of growth in Q1 unlikely to be sustained Euro-zone GDP rose by a healthy 0.6% in Q1, easily outpacing the expansions in the US and UK and following disappointingly slow growth in the second half of 2015. But the data look strong relative to... 5th May 2016 · 1 min read
Europe Data Response Euro-zone Retail Sales (Mar.) & Final PMIs (Apr.) March’s euro-zone retail sales data appear to confirm that strong consumer spending supported growth in Q1, but we doubt that this will be sustained. Indeed, April’s Composite PMI points to a slight... 4th May 2016 · 1 min read
Europe Economics Update Are Portugal’s fiscal problems over? Last week’s decision by DBRS to maintain its investment grade credit rating for Portugal has brought short-term relief. But with the economic recovery likely to slow this year and the public finances... 3rd May 2016 · 1 min read
Europe Commercial Property Update Investor outlook remains upbeat, despite fall in Q1 activity Investment activity across Europe declined in Q1. However, we don’t think that this is a sign of things to come this year. Indeed, investor sentiment remains upbeat, while strong capital flows are... 3rd May 2016 · 1 min read
Europe Commercial Property Update Positive capital markets drivers will support further yield falls A solid debt market and a high volume of capital chasing commercial property will keep bidding on prime assets competitive. Coupled with improving prospects for rental growth, we believe that this... 29th April 2016 · 1 min read
Europe Economics Update Anti-immigration stance would hurt Austria The first round result of Austria’s presidential election is testament to how polarising the issue of immigration has become in European politics. However, a crackdown on immigration could deny... 29th April 2016 · 1 min read
