Nordic & Swiss Data Response Norwegian GDP (Q1 13) The mainland Norwegian economy picked-up strongly in Q1, suggesting that Q4’s slowdown was an outlier. But we still expect the economy to slow later in the year as the euro-zone crisis intensifies and... 16th May 2013 · 1 min read
Europe Economics Update Has Greece reached a turning point? The Q1 estimate of Greek GDP and the credit rating upgrade by Fitch suggests that the economy may finally be turning a corner. But we still think that the economic forecasts underpinning the rescue... 15th May 2013 · 1 min read
Europe Data Response Euro-zone GDP (Q1) Q1’s flash euro-zone GDP estimate confirmed that while the euro-zone economy performed rather better in Q1 than Q4, it remained in recession. 15th May 2013 · 1 min read
Europe Economics Update What negative rates would mean for euro-zone neighbours As a result of ultra-loose monetary policy in major economies, central banks in smaller countries such as Switzerland, Sweden, Norway and Denmark are struggling to deal with both rising private debt... 14th May 2013 · 1 min read
Europe Data Response German ZEW Survey (May) & Euro-zone Industrial Prod. (Mar.) May’s German ZEW survey and March’s euro-zone industrial production numbers made encouraging reading, but do not alter our view that the euro-zone remains in recession. 14th May 2013 · 1 min read
Europe Economics Update Germany's role in a solution to the euro-zone debt crisis This Update summarises views expressed by Capital Economics’ Jennifer McKeown in a panel discussion at the Euromoney “Germany Conference” in Berlin on 24th and 25th April. 13th May 2013 · 1 min read
Europe Commercial Property Update How vulnerable are German office rents to the slowdown? In contrast to our forecast for a modest fall during 2013, German office rental values began the year by posting another rise. Yet with economic sentiment in Germany deteriorating and office take-up... 13th May 2013 · 1 min read
Europe Economics Weekly Will the industrial recovery be sustained? March’s national industrial production figures suggest that the sector gained momentum over the course of Q1. But we suspect that the revival could soon fizzle out. After all, domestic growth... 13th May 2013 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Scandinavian investment demand flat-lining The signs from the first quarter are that, while the trend for investment demand in Emerging Europe might have turned the corner, in Scandinavia it remains stagnant. The latest survey and hard... 9th May 2013 · 1 min read
Europe Economics Update German election campaign offers no hope of fiscal boost The growing likelihood of a grand coalition government after September’s election suggests that Germany’s tough stance on the euro-zone periphery might soften somewhat. However, none of the main... 9th May 2013 · 1 min read
Europe Economics Update Norges Bank will be forced into a cut by end-2013 The Norges Bank left interest rates unchanged today as concerns about rising household debt once again outweighed the need to weaken the currency and boost inflation. But our expectation for the euro... 8th May 2013 · 1 min read
Europe Data Response German Industrial Production (Mar.) March’s German industrial production figures suggest that the sector has gained momentum over the quarter, but a sustained and robust recovery still seems unlikely. 8th May 2013 · 1 min read
Europe Economics Update Can the ECB make negative rates work? The ECB appears to have concluded that it can limit the adverse side-effects of imposing negative interest rates on commercial banks’ deposits. But even if this is the case, negative rates are not... 8th May 2013 · 1 min read
Nordic & Swiss Economics Update Norges Bank will be forced into a cut by end-2013 The Norges Bank left interest rates unchanged today as concerns about rising household debt once again outweighed the need to weaken the currency and boost inflation. But our expectation for the euro... 8th May 2013 · 1 min read
Europe Economics Update Is it true that Germany can’t afford bail-outs? A recent ECB survey suggested that German households are much less wealthy than those in the eurozone’s south and periphery. There are several reasons why this is untrue. But unfavourable coverage in... 7th May 2013 · 1 min read
Europe Data Response French Industrial Production & Trade (Mar.) March’s French industrial production and trade data suggest that the economic situation is not quite as bad as the surveys might have you believe. Nonetheless, it seems very likely that France... 7th May 2013 · 1 min read
