Europe Commercial Property Update What impact will weak economic growth have on Italian retail rents? The relationship between retail sales growth and prime high street rental growth in Italy has broken down in recent years as occupier demand has been driven mainly by luxury retailers. Accordingly, we... 25th September 2014 · 1 min read
Europe Economics Focus Finland set to lag behind Nordic neighbours Finland’s dismal post-crisis economic performance is at odds with the ongoing recoveries of its Nordic neighbours. Although these countries share many characteristics, Finland’s economic decline has... 25th September 2014 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Aug.) Although August’s euro-zone monetary data showed further signs of improvement, lending is still contracting and, given the low uptake at the ECB’s first TLTRO last week, there is little sign that this... 25th September 2014 · 1 min read
Nordic & Swiss Economics Focus Finland set to lag behind Nordic neighbours Finland’s dismal post-crisis economic performance is at odds with the ongoing recoveries of its Nordic neighbours. Although these countries share many characteristics, Finland’s economic decline has... 25th September 2014 · 1 min read
Global Economics Update Global growth set to strengthen in Q3 A composite of the flash manufacturing PMIs released so far suggests that the pace of global growthaccelerated in the third quarter, despite more signs of weakness in the euro-zone and Japan. 24th September 2014 · 1 min read
Europe Commercial Property Update Which sector offers the best prospects in the Netherlands? Given an environment of relatively muted economic growth in the Netherlands and its main trading partners, we think that office property returns have more potential to deliver a positive surprise than... 24th September 2014 · 1 min read
Europe Data Response German Ifo Survey (Sep.) September’s Ifo survey brought further worrying signs that the recovery in the German economy is grinding to a halt and underlined the need for both monetary and fiscal policy to provide further... 24th September 2014 · 1 min read
Emerging Europe Economics Update Hungary to keep rates at record low well into next year The National Bank of Hungary’s post-meeting press release reinforced the message that the MPC sees little pressure to raise interest rates. Indeed, with inflation likely to remain low, and economic... 23rd September 2014 · 1 min read
Commodities Update Commodities demand unlikely to get a boost anytime soon The increase in the flash PMI for China has helped to assuage fears about a hard landing. However, the index is still low by historical standards and the fall in the euro-zone’s flash PMI highlights... 23rd September 2014 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Sep.) The small fall in the euro-zone composite PMI in September added to worrying signs that the region’s economy barely expanded in Q3 after Q2’s stagnation. 23rd September 2014 · 1 min read
Europe Economics Weekly Low uptake dashes ECB’s hopes for TLTROs The low uptake at the first of the ECB’s Targeted Longer-Term Refinancing Operations (TLTROs) last week supported our view that the policy is unlikely to be successful at boosting bank lending. It... 19th September 2014 · 1 min read
Europe Data Response Iceland GDP (Q2) Iceland’s economy contracted in Q2 for the third consecutive quarter, raising questions over the sustainability of the economic recovery. But there are still reasons to believe that its economy will... 19th September 2014 · 1 min read
Nordic & Swiss Data Response Iceland GDP (Q2 14) Iceland’s economy contracted in Q2 for the third consecutive quarter, raising questions over the sustainability of the economic recovery. But there are still reasons to believe that its economy will... 19th September 2014 · 1 min read
Global Economics Focus How does “Draghi-nomics” compare to Abenomics? ECB President Mario Draghi’s call at Jackson Hole for fiscal policy to play a greater role alongside monetary policy in boosting aggregate demand has prompted some to label the change of tone “Draghi... 18th September 2014 · 1 min read
Europe Data Response Ireland GDP (Q2) Ireland’s rapid growth in Q2 underlined its status as the euro-zone periphery’s poster boy but could prompt some concerns that it has entered another unsustainable boom. 18th September 2014 · 1 min read
Europe Economics Update What to expect from the TLTROs With the first of the ECB’s Targeted Longer Term Refinancing Operations taking place this Thursday,this Update addresses some of the key questions regarding their aims and likely effects. While... 17th September 2014 · 1 min read
