Europe Data Response Euro-zone Unemployment (May) Growth in remittances from Overseas Filipino Workers (OFW) to the Philippines has slowed since the 2008-09 global crisis. However, we believe that remittances growth is likely to stabilise rather than... 2nd July 2011 · 1 min read
Europe Commercial Property Update Office yields in Milan likely to fall behind core euro-zone markets Despite concerns about its solvency, financial markets are still giving the Italian economy the benefit of the doubt. For now, property investors are treating Milan’s office market in a similar... 2nd July 2011 · 1 min read
ECB Watch Rates going up, but will ECB approve Greek deal? The ECB seems certain to deliver the pre-signalled interest rate hike to 1.5% at its July policy meeting. Accordingly, the key interest will be in what clues, if any, it gives on the likely path of... 1st July 2011 · 1 min read
Europe Economics Update Hidden costs could hinder Portugal’s fiscal efforts The Portuguese government’s latest efforts to implement extra fiscal measures to ensure it meets its budget deficit target are encouraging. But even if the Government manages to push through the huge... 1st July 2011 · 1 min read
Europe Data Response Euro-zone Flash CPI & German Unemployment (Jun.) June’s euro-zone CPI inflation figures are likely to prompt the ECB to maintain a pretty hawkish tone at next week’s press conference. 1st July 2011 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jun.) The latest data show that euro-zone money and credit growth remain subdued, supporting the view that CPI inflation will fall below the ECB’s target as the boost from energy and food subsides. While a... 1st July 2011 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jun.) While plans for a Greek debt roll-over and a second bail-out should ease immediate default concerns and funding pressures, Greece is still struggling to rein in its budget deficit, highlighting the... 30th June 2011 · 1 min read
Europe Commercial Property Update Nordic investment market attractive, but difficult to enter The strength of the Norwegian and Swedish economies is consistent with reports that investment demand for commercial property in the Nordics among international funds is on the up. However, high... 30th June 2011 · 1 min read
Europe Economics Update Greek disaster averted, for now at least The fact that the Greek parliament has passed the Government’s medium-term fiscal plan clearly reduces the chances of a near-term disaster, but the country remains in a precarious position. 30th June 2011 · 1 min read
Europe Data Response Euro-zone EC Survey (Jun.) June’s EC business and consumer survey dealt a further blow to hopes that sustained strong growth in the euro-zone’s core economies might help to ease the crisis in the periphery. 30th June 2011 · 1 min read
Europe Data Response German Flash CPI (Jun.) June’s CPI figures suggest that German inflation remains reasonably well contained. But this is unlikely to stop the ECB from increasing interest rates again next week. 29th June 2011 · 1 min read
Europe Economics Update Bank roll-over plan a small step forward for Greece The French plan for banks to roll over a significant chunk of their maturing Greek government debt could significantly reduce Greece’s near-term funding pressures. But we doubt that the roll-over plan... 29th June 2011 · 1 min read
Global Markets Update Can China solve the euro-zone’s problems? Despite warm words of support from China’s leaders, there is no reason to believe that China has the ability to solve the euro-zone’s debt crisis. We estimate that China has already bought more than... 28th June 2011 · 1 min read
Europe Economics Weekly Greece edging closer to a second bail-out Developments last week suggest that the Greek Government will receive the fifth tranche of its initial bail-out package by early July. What’s more, although the finer details on the form of any... 28th June 2011 · 1 min read
Europe Data Response German Ifo Survey (Jun.) June’s rise in the Ifo index defies other recent evidence that Germany’s impressive recovery is slowing. Nonetheless, we still think that GDP growth will slow quite sharply over the remainder of the... 25th June 2011 · 1 min read
Europe Commercial Property Update Too soon to turn positive on Irish commercial property Q1’s sharp rise in Irish GDP is not as encouraging as it first seems. Although the external sector appears to be booming, we do not expect this to last. More worryingly, domestic demand continued to... 24th June 2011 · 1 min read
