Europe Economic Outlook Fiscal tightening starts to bite (Q4 2010) The European economy has recently performed relatively well despite continued fears about public debt in parts of the region. But as global demand slows, the export recovery will falter, with the euro... 13th October 2010 · 1 min read
Europe Economics Update The implications of the French strike The French strike will probably have a smaller immediate effect on economic activity than the press might have you believe. However, it is the clearest sign yet that the euro-zone’s second largest... 13th October 2010 · 1 min read
Europe Data Response Euro-zone Industrial Production (Aug.) August’s healthy rise in euro-zone industrial production will help to ease concerns that the recovery in the sector is grinding to a halt. 13th October 2010 · 1 min read
Europe Economics Update Italian industrial sector defying gravity Recent news from Italy suggests that the industrial recovery is going from strength to strength. Nonetheless, we doubt that this marks the start of an Italian renaissance. Indeed, there are several... 11th October 2010 · 1 min read
Europe Economics Weekly How much will the strong euro hurt? The euro’s rise to a nine-month high against the US dollar last week suggests that the euro-zone has lost what may turn out to be the opening skirmishes of a global currency war. If the euro remained... 11th October 2010 · 1 min read
Europe Economics Update ECB not yet ready to increase its support The ECB maintained a fairly dovish tone today, pledging continued support for commercial banks and possibly more peripheral government bond purchases. But there was little to suggest that the Bank... 7th October 2010 · 1 min read
Europe Data Response German Industrial Production & French Trade (Aug.) The latest German industrial and French trade data suggest that, despite ongoing fears about the region’s periphery, the immediate risk of a “double dip” recession in the euro-zone as a whole is small... 7th October 2010 · 1 min read
Non-Euro Europe Commercial Property Outlook Yield compression will not extend into 2011 (Q4 10) Commercial property occupier markets in most of non-euro-zone Europe appear to have bottomed out a little earlier than we had previously anticipated. Our forecasts now reflect this. Nevertheless... 6th October 2010 · 1 min read
Europe Commercial Property Outlook Income returns hold the key for the next two years (Q4 10) We suspect that euro-zone commercial property yields may fall a little further by the end of this year. However, the bulk of the investment market recovery may well be behind us. Subdued economic... 6th October 2010 · 1 min read
Europe Chart Pack Recovery starting to falter The euro-zone’s economic prospects appear to have taken a turn for the worse amidst continued worries over the periphery and signs that the recovery in the core economies is starting to lose momentum... 6th October 2010 · 1 min read
Europe Economics Update Risk of a Spanish double-dip continues to grow The latest composite PMI business survey figures have added to evidence that the Spanish economy may have re-entered recession. This supports our view that Spain is set for a prolonged period of... 5th October 2010 · 1 min read
Europe Economics Update Greek Budget still leaves plenty to do The fact that the Greek Government has announced that it expects to reduce its budget deficit by more than the IMF and EC have demanded in 2010 and 2011 is an indication of the great strides that it... 4th October 2010 · 1 min read
A weaker 2011 in prospect A period of fiscal austerity will weigh on economic recoveries in the euro-zone and Emerging Europe over the next few years. The healthier state of public finances in Scandinavia and Switzerland... 4th October 2010 · 1 min read
Europe Economics Weekly Ireland: Closure or Calamity? The Irish Government deserves some credit for coming clean last week on the “horrendous” costs of its banking support measures, although its openness may have been dictated as much by public... 4th October 2010 · 1 min read
Europe Data Response Euro-zone Unemployment (Aug.) Euro-zone unemployment figures for August showed further signs of improvement in labour market conditions in some core economies but unemployment continued to rise in the peripheral economies. 1st October 2010 · 1 min read
ECB Watch ECB in danger of slipping behind The euro-zone economy as a whole might be faring better than others for now, but strains in the region’s periphery have continued to mount. The ECB will provide reassurance after its forthcoming... 30th September 2010 · 1 min read
