Europe Economics Update Euro-zone Monetary Indicators Monitor (Feb. 13) The latest euro-zone monetary data showed more mixed developments in financial markets than in previous months. And there is still limited evidence of a pick-up in credit to the private sector. 28th March 2013 · 1 min read
Europe Data Response German Retail Sales (Feb.) & Unemployment (Mar.) February’s German retail sales data suggest that spending rose in Q1. But sales are still falling compared to a year earlier and with March’s unemployment data confirming that the labour market... 28th March 2013 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q4 12) Swiss GDP data for Q4 confirmed that, while growth is clearly slowing, the economy has continued to outperform most others in Europe. But we expect the economy to stagnate this year as problems in the... 28th March 2013 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Mar.) Italy and Spain missed their 2012 deficit targets by a small margin and timelier data point to further likely slippage in the initial stages of this year. 27th March 2013 · 1 min read
Europe Economics Update Who will be the next Cyprus? Cyprus has shown that even the smallest members of the euro-zone can rock the single currency area. Slovenia is probably the next country most likely to be forced into a bailout programme, but Malta... 27th March 2013 · 1 min read
Europe Data Response Euro-zone EC Survey (Mar. 13) March’s fall in the euro-zone EC Economic Sentiment Indicator (ESI) provides a further sign that the euro-zone economy had started to lose momentum even before the recent escalation of the crisis in... 27th March 2013 · 1 min read
Global Markets Update Too soon to forget about Cyprus The events in Cyprus provide another very visible – albeit extreme – illustration of the financial problems which are holding back the global recovery. Indeed, even though the Cypriot economy itself... 26th March 2013 · 1 min read
Europe Economics Update Capital controls: vital stopgap or dangerous precedent? While capital controls could be crucial to preventing the collapse of the Cypriot banking system in the coming weeks, their persistence or more widespread use would threaten to undermine the basic... 26th March 2013 · 1 min read
Europe Economics Update Cyprus: Disaster averted, but with lasting effects While the Cypriot banking package has averted imminent disaster, the episode will have damaging effects on Cyprus’s economy and has raised new questions over the stability of the currency union. 25th March 2013 · 1 min read
Europe Economics Weekly Plan B won't end Cyprus's problems While the successful formulation of a new plan to avoid bankruptcy in Cyprus remains in the balance, it looks likely that some form of package will be put together in order to ensure the continued... 25th March 2013 · 1 min read
Europe Data Response German Ifo Survey (Mar.) March’s fall in the German Ifo business climate indicator is another sign that the recovery in the euro-zone seen over the past six months or so might already be running out of steam. 22nd March 2013 · 1 min read
Europe Data Response Ireland GDP (Q4) While Ireland impressively matched Germany’s economic expansion in 2012, the recent slowdown in the quarterly path of GDP is a reminder that the country still faces major challenges. 21st March 2013 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Mar.) The fall in the composite euro-zone PMI in March suggests that even before the recent uncertainty surrounding Cyprus’ future, the euro-zone economy had begun to contract more sharply. 21st March 2013 · 1 min read
Europe Economics Update What next for Cyprus? The Cypriot Parliament’s overwhelming rejection of the proposed levy on bank deposits adds to the uncertainty surrounding the future of Cyprus and increases the risk of the country eventually exiting... 20th March 2013 · 1 min read
Europe Commercial Property Update Where next for Italian property yields? Data for the final quarter of 2012 show that the upward trend in Italian office and retail property yields paused. Yet both the current political impasse and the poor outlook for occupier demand... 20th March 2013 · 1 min read
Europe Data Response German ZEW Survey (Mar.) & Italian Industrial Prod. (Jan.) March’s small rise in the German ZEW index left it at a high level. But as fears for Italy and Cyprus hit sentiment in future, we doubt that Germany’s recovery will be as strong as the survey now... 19th March 2013 · 1 min read
