Europe Data Response Euro-zone Unemployment (Oct.) & Flash CPI (Nov.) The latest news on the euro-zone labour market and inflation further underlined the general weakness of the region’s economy. 30th November 2012 · 1 min read
ECB Watch Still standing ready Having boldly pledged to do whatever it takes to save the euro back in the summer, ECB President Mario Draghi has struck a noticeably more cautious tone over recent months. We expect more of the same... 29th November 2012 · 1 min read
Europe Economics Focus How the core should respond to a euro break-up Sharp appreciations in the euro-zone’s core countries would threaten to damage their exports and GDP in the event of a euro-zone break-up. But there are various policies that could be implemented to... 29th November 2012 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Nov.) Although Greece, Portugal and Ireland are making some fiscal progress, Italy and Spain are still struggling to cut their budget deficits 29th November 2012 · 1 min read
Europe Data Response Euro-zone EC Survey (Nov.) November’s EC consumer and business survey does not alter our view that the consensus forecast for the euro-zone economy broadly to stagnate in 2013 is far too optimistic. A deep recession still looks... 29th November 2012 · 1 min read
Europe Data Response Swiss & Swedish GDP (Q3) Swiss and Swedish GDP figures for Q3 showed that the two economies remained resilient despite the euro-zone’s troubles. But while both may avoid deep recessions next year, we expect growth to be much... 29th November 2012 · 1 min read
Nordic & Swiss Data Response Swiss & Swedish GDP (Q3 12) Swiss and Swedish GDP figures for Q3 showed that the two economies remained resilient despite the euro-zone’s troubles. But while both may avoid deep recessions next year, we expect growth to be much... 29th November 2012 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Oct. 12) The latest euro-zone monetary data revealed a further small acceleration in the growth of money and bank lending in the region. But weak credit growth remains a major constraint on economic activity... 28th November 2012 · 1 min read
Europe Commercial Property Update Will core market property yields be immune to the downturn? Outside the peripheral markets, the economic downturn in the euro-zone has yet to have a material impact on commercial property values. Yet if the recession deepens as we anticipate, the next six... 27th November 2012 · 1 min read
Europe Economics Update Greek deal delays the day of reckoning Euro-zone policymakers have found a bit more money down the back of the sofa to buy another sticking plaster for Greece. But the relatively easy options are running out fast. 27th November 2012 · 1 min read
Europe Economics Weekly Another Greek sticking plaster Euro-zone finance ministers are inching ever closer to a deal on the bail-out which will satisfy their own debt sustainability criteria and in the near term at least avoid a politically troublesome... 26th November 2012 · 1 min read
Europe Commercial Property Update Is retail property in Brussels overpriced? We think that weak retail fundamentals in Belgium don’t warrant the currently low level of retail property yields in Brussels. Indeed, our forecast that consumer spending and retail rents are likely... 22nd November 2012 · 1 min read
Europe Economics Update Could Cyprus be the first domino to fall? The news that Cyprus is about to run out of money has given a dangerous new angle to the euro-zone crisis. The economy is so small that a bail-out would be very cheap, but the Government will be... 22nd November 2012 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Nov.) The slight rise in the flash euro-zone composite purchasing managers’ index (PMI) in November clearly does nothing to alter our view that the recession has intensified in Q4. 22nd November 2012 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Are Scandinavian property prices on the brink? Consistent with the slowdown in the region’s economies, the upturn in commercial property rents in Scandinavia seems to have stalled. Given that, we think that yields will begin to rise before long... 21st November 2012 · 1 min read
