Europe Economics Update Ireland’s problems still far from over Yesterday’s announcement of a raft of measures aimed to lift the troubled Irish banking sector from its knees, was an important step towards ending the economic slump. But the economy faces other... 31st March 2010 · 1 min read
Europe Data Response Euro-zone EC Survey & German CPI (Mar.) March’s EC business and consumer survey provides some encouragement that, for now, fiscal worries in the region are not weighing too heavily on overall sentiment towards the economy. But the surveys... 29th March 2010 · 1 min read
Europe Economics Weekly Euro to fall further as growth prospects weaken The latest news on the euro-zone has been mixed. March’s business surveys brought hope that the recovery has not ground completely to a halt and the agreement of a Greek rescue package was a relief... 29th March 2010 · 1 min read
Europe Commercial Property Update French office occupier market recovery not yet set in stone March’s fall in service sector sentiment in France suggests that 2009Q4’s sharp rise in take-up is unlikely to be repeated in 2010Q1. Moreover, with underlying demand also still relatively weak, even... 26th March 2010 · 1 min read
Europe Commercial Property Update What does Portugal’s credit downgrade mean for commercial property? Along with GDP growth turning negative again in Q4, yesterday’s downgrade of Portugal’s credit rating can be nothing but bad news for commercial property. Even before the downgrade, our analysis... 25th March 2010 · 1 min read
Europe Data Response Ireland GDP (Q4) Q4’s Irish GDP figures, showing the economy still mired in a deep recession, underline the prolonged and painful adjustments likely to be faced by the euro-zone’s fiscally challenged economies. 25th March 2010 · 1 min read
Emerging Europe Economics Update One more reason to expect a sluggish recovery The deterioration in the growth outlook for the euro-zone adds to the substantial headwinds already facing the recovery in Emerging Europe. We have nudged down our 2011 GDP forecasts for Slovakia and... 25th March 2010 · 1 min read
Europe Economics Update Fiscal fears & consumer caution darken euro-zone outlook We have revised our forecasts for the euro-zone economy down in response to the escalating fiscal crisis and fading prospects of a consumer recovery. The changes strengthen our view that ECB interest... 25th March 2010 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Mar.) February’s euro-zone money supply figures provided few signs that the ECB’s unlimited provisions of liquidity are prompting much of a pick-up in broad money and bank lending. 25th March 2010 · 1 min read
Nordic & Swiss Economics Update Norges Bank strikes a more cautious tone With the Norwegian economic recovery beginning to look a little more fragile, the Norges Bank has begun to strike a more cautious tone. Although the Bank is likely to raise interest rates again later... 24th March 2010 · 1 min read
Europe Economics Update Norges Bank strikes a more cautious tone With the Norwegian economic recovery beginning to look a little more fragile, the Norges Bank has begun to strike a more cautious tone. Although the Bank is likely to raise interest rates again later... 24th March 2010 · 1 min read
Europe Commercial Property Update Equity markets suggest that capital values will rise this year The recovery in real estate equity prices suggests that capital values in the largest European commercial property markets will rise this year. Indeed, if anything, the risks to our forecasts seem to... 24th March 2010 · 1 min read
Europe Data Response Euro-zone Flash PMIs & German Ifo (Mar.) March’s increases in the euro-zone PMI and German Ifo surveys bring some encouragement that the economic recovery in the region has not ground completely to a halt, but the outlook remains fragile. 24th March 2010 · 1 min read
Europe Economics Update Deflation could undermine fiscal consolidation Worries about euro-zone fiscal plans have centred mainly on governments’ overly optimistic forecasts for real GDP growth. But weaker inflation could also pose a problem for the region’s public... 23rd March 2010 · 1 min read
Europe Economics Weekly Few signs of hope for the euro-zone’s periphery Developments of the past week have brought very little comfort for the euro-zone’s troubled periphery. There has been only limited progress on aid for Greece and the EC has reiterated the need for... 22nd March 2010 · 1 min read
Europe Commercial Property Update Has the Netherlands office market avoided a severe rental recession? Although Dutch office rental values have held up well to date, with low occupier confidence and a high volume of completions expected this year, we think the rental value correction has a little... 18th March 2010 · 1 min read
