Europe Economics Weekly Action will need to follow words before long Two weeks after Mario Draghi’s pledge to do whatever it takes to save the euro, his words have still not been followed by actions. Indeed, an impasse appears to have ensued in which the major players... 10th August 2012 · 1 min read
Non-Euro Europe Commercial Property Outlook Investor appetite for Emerging Europe to stay soft The euro-zone crisis already appears to be having a detrimental impact on economic growth across the rest of Europe and over the next two years, most non-euro-zone economies will experience a period... 8th August 2012 · 1 min read
Europe Commercial Property Outlook Euro-zone property to underperform The unfolding recession in the euro-zone has considerably further to run. And it does not bode well for commercial property. Occupier demand will weaken and most markets will see fresh falls in rental... 8th August 2012 · 1 min read
Europe Economics Update Pressure on Greece continues to grow The Greek Government’s inability to agree on how to cut public spending highlights the ongoing fragility of the situation there. And with euro-zone policymakers still unwilling to concede any ground... 8th August 2012 · 1 min read
Europe Data Response German Industrial Production (Jun.) June’s industrial production figures did little to reduce the danger that the German economy tipped into recession in the second quarter. 8th August 2012 · 1 min read
Europe Data Response Italian GDP (Q2) The sharp fall in GDP in Q2 highlights the huge economic and fiscal problems that Italy faces. Although the pressure from the markets has recently eased, we still think that it is only a matter of... 7th August 2012 · 1 min read
No respite in sight The short-term outlook for economic growth across the euro-zone is poor. All member states are likely to contract in 2013, if not 2012. The recession in the euro-zone will also act as a major drag on... 6th August 2012 · 1 min read
Europe Economics Update EFSF/ECB support for Spain: some unanswered questions The ECB’s statement last week that it might buy Spanish bonds if the government first applies for EFSF support has left many questions unanswered, which we address in this Update. In short, it seems... 6th August 2012 · 1 min read
Europe Economics Weekly ECB ups the pressure on governments The ECB’s statement last week that it might buy more peripheral government bonds if countries first apply to the EFSF for support was a step forward. But Spain and Italy are not yet willing to accept... 3rd August 2012 · 1 min read
Europe Commercial Property Update Are low retail property yields in Brussels justified? At around 4.5%, Brussels retail yields are back very close to the lows recorded in late 2007 and early 2008. On this basis, only in Vienna and some German cities does retail property look more... 2nd August 2012 · 1 min read
Europe Economics Update Why Latvia is not a blueprint for the euro-zone's periphery Despite the fact that Latvia’s economy has returned to growth, it is still far from clear that it has undergone the necessary “internal devaluation” required to fully restore competitiveness. What’s... 1st August 2012 · 1 min read
Europe Chart Pack Export slowdown continues Recent data from the external sector have confirmed that export growth has continued to slow. Indeed, the annual growth rate of export values fell to its lowest level in two and a half years in May... 31st July 2012 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jul. 12) Recent fiscal data suggest that a large number of peripheral and core economies are struggling to make inroads into their budget deficits. And with the growth outlook continuing to deteriorate, many... 31st July 2012 · 1 min read
Europe Data Response Euro-zone Unemployment (Jun.) & Flash CPI (Jul.) With euro-zone inflation unchanged at 2.4% in July and unemployment at a record high in June, households’ incomes are under growing downward pressure. 31st July 2012 · 1 min read
Nordic & Swiss Data Response Swedish GDP (Q2 12) The Swedish GDP figures for Q2 confirmed that the economy is continuing to weather the storm from the euro-zone far better than most of its neighbours. 30th July 2012 · 1 min read
Europe Data Response Euro-zone EC Survey (Jul.) July’s deterioration in EC economic sentiment added to the evidence that the euro-zone is heading deeper into recession, suggesting that not only the periphery but also the previously resilient core... 30th July 2012 · 1 min read
