Nordic & Swiss Data Response Swiss GDP (Q1 14) Q1’s pick-up in Swiss GDP growth is a relief after a weak Q4 and suggests that the economy is still coping with the strong franc. But the threat of prolonged deflation will keep the central bank in... 28th May 2014 · 1 min read
Nordic & Swiss Data Response Danish GDP (Q1 14) The Danish economy started 2014 strongly. But continued household deleveraging means that growth this year is likely to be more sluggish than the consensus expects. 28th May 2014 · 1 min read
Europe Economics Update Weak euro-zone recovery will sustain populist anger Although populist parties will remain a minority at the European Parliament, the euro-zone’s weak recovery will sustain support for these parties, undermining national reform efforts across the region... 27th May 2014 · 1 min read
Global Markets Update What might QE in the euro-zone mean for bonds elsewhere? It has been suggested that one important factor keeping US Treasury yields low is the prospect of a further loosening of monetary policy by the ECB, including some form of explicit quantitative easing... 27th May 2014 · 1 min read
Europe Economics Weekly France's recovery to be snail-paced France’s economy hasn’t picked up much steam since it stagnated in Q1. Although the outlook for the second half of the year is a little brighter, the recovery will remain pretty weak. The resulting... 26th May 2014 · 1 min read
Europe Data Response German Ifo Survey (May) & GDP Breakdown (Q1) The breakdown of German GDP for Q1 confirmed that the strong quarterly gain was partly down to temporary factors. And the renewed fall in the Ifo Business Climate Indicator in May suggested that the... 23rd May 2014 · 1 min read
Non-Euro Europe Commercial Property Outlook Central Europe likely to outperform Over the next few years, a gradual recovery in economic activity should support rising occupier demand and rental values in most non-euro-zone European commercial property markets. But with high... 22nd May 2014 · 1 min read
Europe Commercial Property Outlook Peripheral markets move into the spotlight We anticipate that commercial property markets in the euro-zone will deliver modest gains over the remainder of this year and next as the underperformance of many markets in the region’s peripheral... 22nd May 2014 · 1 min read
Europe Economics Update ECB lending scheme would have serious limitations The ECB seems increasingly likely to unveil a new scheme to boost lending to the private sector, perhaps as soon as its June policy meeting. We would welcome such a scheme, but its effectiveness will... 22nd May 2014 · 1 min read
Europe Data Response Euro-zone Flash PMIs (May 14) May’s PMIs suggested that the euro-zone recovery remains lacklustre and highlighted the continued divergence between France and Germany. 22nd May 2014 · 1 min read
Europe Economics Update Sedlabanki on hold, but rates to rise later this year Iceland’s central bank kept interest rates unchanged at 6% at its meeting today, despite raising its medium-term forecasts for GDP growth. We continue to think that the Sedlabanki will have to raise... 21st May 2014 · 1 min read
Europe Economics Update EP elections to show rising reform fatigue Euro-sceptic parties are set to perform strongly at elections for the European Parliament. Although the result may have little impact on the institution itself, it risks undermining national... 21st May 2014 · 1 min read
Nordic & Swiss Economics Update Sedlabanki on hold, but rates to rise later this year Iceland’s central bank kept interest rates unchanged at 6% at its meeting today, despite raising its medium-term forecasts for GDP growth. We continue to think that the Sedlabanki will have to raise... 21st May 2014 · 1 min read
Europe Economics Update Belgian elections unlikely to break the reform deadlock Upcoming elections in Belgium are unlikely to deliver a decisive victory to any one party. With the main parties divided over fundamental economic and political reforms, we doubt that a new coalition... 20th May 2014 · 1 min read
Europe Economics Update Fragile recovery hampering Italy's belt tightening The unexpected drop in Italy’s GDP in Q1 underlines the fragility of the country’s recovery and further undermines attempts to bring down its crushing public debt load. 20th May 2014 · 1 min read
Europe Data Response Norwegian GDP (Q1) Norway’s mainland economy continued to hum along at a decent pace in Q1, but the underlying drivers of growth are weakening. 20th May 2014 · 1 min read
