Europe Economics Weekly Has Greece already crossed the Rubicon? Political deadlock in Greece has reignited fears it could be on cusp of a euro-zone exit. The most likely outcome of another election is a victory for the pro-bail-out New Democracy and PASOK parties... 14th May 2012 · 1 min read
Europe Commercial Property Update RICS Global Survey too upbeat on Polish and Czech rental values Last week’s Q1 2012 RICS Global Survey revealed a divergence in surveyors’ expectations for commercial property rental growth in Emerging Europe. We agree that the outlook is brightest in Russia and... 10th May 2012 · 1 min read
Europe Commercial Property Update Is the Q1 fall in all-property capital values a sign of what’s to come? Euro-zone capital values suffered a fall in Q1. Although the decline was small, it was pretty widely based. As a result, it does nothing to alter our view that euro-zone commercial property markets... 8th May 2012 · 1 min read
Europe Economics Update Greek election deadlock raises euro exit risk The failure of the Greek election to produce a new government provides some support to our view that Greece could leave the euro-zone as soon as the end of this year. 8th May 2012 · 1 min read
Europe Data Response German Industrial Production (Mar.) March’s sharp rise in German industrial production reduces the risk that the economy is already in recession. But the underlying picture is still one of a sharp slowdown in the sector which will leave... 8th May 2012 · 1 min read
Europe Economics Weekly Austerity is the best policy Despite weaker survey data, the ECB is in no hurry to sanction further measures to boost euro-zone growth. It feels the existing accommodative policy stance is providing the region with the basic... 7th May 2012 · 1 min read
Global Economics Update Global growth steady, US-Europe divergence persists Business surveys for April suggest the global economy began the second quarter at a steady but subdued growth rate of around 3%. They also suggest the divergence between moderate growth in the US and... 4th May 2012 · 1 min read
Europe Economics Update ECB: 'Austerity' wins the day The ECB held its main refinancing rate at 1% today but perhaps more interestingly, appears to have favoured the path of ‘austerity’ in the euro-zone region. Developments on inflation were deemed to be... 3rd May 2012 · 1 min read
Europe Economics Update Bank bond purchases could deepen the crisis Banks’ purchases of sovereign debt have helped to lower some euro-zone governments’ borrowing costs. But they cannot solve the broader debt crisis and may even deepen it by further increasing the... 2nd May 2012 · 1 min read
Non-Euro Europe Commercial Property Outlook Property returns to be dented by the euro-zone crisis Non-euro-zone European economies will not be immune to a fresh recession in the euro-zone. We expect all economies in the region to undergo a sharp slowdown in growth or worse. Barring perhaps Poland... 2nd May 2012 · 1 min read
Europe Commercial Property Outlook Recession to act as a drag on occupier markets and rents Over the past few months we have seen little reason to alter in either direction our euro-zone commercial property forecasts. With no resolution in sight to the region’s debt crisis, we think that all... 2nd May 2012 · 1 min read
Europe Chart Pack Weakening outlook fuels growth calls The growing calls for euro-zone policymakers to shift their emphasis from austerity to growth have been fuelled by the continued deterioration in the outlook for the economy. Key forward-looking... 2nd May 2012 · 1 min read
Europe Data Response Euro-zone Unemp. & Final Man. PMI (Mar./Apr.) The latest data on the state of the euro-zone labour market and manufacturing sector underline the enormity of the challenge facing policymakers to respond the growing calls for growth across the... 2nd May 2012 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Apr.) Peripheral euro-zone economies continue to struggle to make further inroads into their budget deficits. Although this partly reflects temporary factors, the deteriorating growth outlook suggests that... 1st May 2012 · 1 min read
Europe Economics Update Spain: Banking on a bail-out? A fragile banking sector is one factor threatening to put further upward pressure on Spanish government bond yields. And with the economy back in recession and labour market conditions continuing to... 1st May 2012 · 1 min read
Europe Economics Update Can Hollande really transform France’s outlook? François Hollande’s promises of a pro-growth strategy and a stronger leadership role in Europe have raised hopes about France’s economic outlook. But his bold words have so far been backed by few firm... 1st May 2012 · 1 min read
