Europe Data Response Euro-zone GDP (Q1), Final PMI & Retail Sales The breakdown of Q1 GDP and more timely news on retail sales and the PMI provided little obvious support for the ECB’s view that the euro-zone economy is set to embark on a decent recovery later in... 5th June 2013 · 1 min read
Europe Economics Weekly Pressure grows on the ECB to do more Although euro-zone businesses and consumers are becoming less pessimistic and policymakers are softening their stance on austerity, there is still little sign that the region is on the cusp of an... 3rd June 2013 · 1 min read
Europe Data Response Euro-zone Flash CPI (May 13) & Unemployment (Apr. 13) April’s rise in unemployment and the fact inflation remained well below target in May will add to the pressure on the ECB to provide more policy support. 31st May 2013 · 1 min read
Europe Data Response Danish GDP (Q1) The Danish economy rebounded in Q1 after its very weak finish to last year, but we doubt that the recovery will last long. 31st May 2013 · 1 min read
Nordic & Swiss Data Response Danish GDP (Q1 13) The Danish economy rebounded in Q1 after its very weak finish to last year, but we doubt that the recovery will last long. 31st May 2013 · 1 min read
ECB Watch Surveying the zero bound with caution After cutting interest rates last month and hinting that more support might be to come, we suspect that the ECB will disappoint markets at its forthcoming policy meeting and press conference... 30th May 2013 · 1 min read
Europe Data Response Euro-zone EC Survey (May 13) The EC consumer and business survey for May suggests that the euro-zone recession may be easing. But an economic recovery still appears to be some way off. 30th May 2013 · 1 min read
Europe Data Response Swiss GDP (Q1 13) Swiss GDP data for Q1 confirmed that the economy continued to perform well. But the still high level of the franc does appear to be damaging exports and we suspect that growth will slow significantly... 30th May 2013 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q1 13) Swiss GDP data for Q1 confirmed that the economy continued to perform well. But the still high level of the franc does appear to be damaging exports and we suspect that growth will slow significantly... 30th May 2013 · 1 min read
Europe Commercial Property Update Will lower interest rates halt the rise in Budapest property yields? Yesterday’s cut in official interest rates in Hungary is good news for property markets in Budapest. But we are sceptical that the latest easing cycle is sustainable. And if, as we expect, interest... 29th May 2013 · 1 min read
Europe Economics Focus Will Sweden & Norway lose their shine? Over the past five years, Sweden and Norway have performed remarkably well by the standards of the developed world, but their recoveries may be starting to run out of steam. Nonetheless, both... 29th May 2013 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Apr.) While positive on the surface, the acceleration in money supply growth conceals several worrying dynamics, not least another fall in lending to firms. 29th May 2013 · 1 min read
Europe Data Response Swedish GDP (Q1) We think that Q1’s healthy rise in Swedish GDP is not quite as encouraging as it initially seems. But while we expect GDP growth to slow over the remainder of 2013, Sweden will continue to perform... 29th May 2013 · 1 min read
Nordic & Swiss Data Response Swedish GDP (Q1 13) We think that Q1’s healthy rise in Swedish GDP is not quite as encouraging as it initially seems. But while we expect GDP growth to slow over the remainder of 2013, Sweden will continue to perform... 29th May 2013 · 1 min read
Nordic & Swiss Economics Focus Will Sweden & Norway lose their shine? Over the past five years, Sweden and Norway have performed remarkably well by the standards of the developed world, but their recoveries may be starting to run out of steam. Nonetheless, both... 29th May 2013 · 1 min read
Europe Economics Update Iceland won’t unfreeze capital flows anytime soon Five years since they were implemented, Iceland still relies on ‘temporary’ capital controls to support its currency. And they are likely to remain in place for some time yet despite the new... 28th May 2013 · 1 min read
