Europe Economics Update Weakening growth outlook is another headache for Greece For now, at least, Greece has persuaded the European Commission (EC) that it can meet its ambitious fiscal target for 2010. But the Greek crisis is far from over. Indeed, with the economy set to... 12th March 2010 · 1 min read
Europe Data Response Euro-zone Industrial Production (Jan.) The latest euro-zone industrial production figures provide some hope that the recovery in the wider economy has not ground to a complete halt. 12th March 2010 · 1 min read
Europe Economics Update Portuguese double dip increases fiscal worries The second release relating to Portuguese GDP in Q4 last year revealed a downward revision to the quarterly change in output from the previously estimated zero to -0.2%. So after fairly robust growth... 11th March 2010 · 1 min read
Europe Data Response Italian GDP (Q4), Italian & French Industrial Production (Jan.) Q4’s Italian GDP figures were pretty dreadful. With domestic demand still very fragil and a fundamental lack of competitiveness hampering the external sector, Italy looks set to stage a slow and... 10th March 2010 · 1 min read
Europe Data Response German Industrial Production (Jan.) The latest German industrial production figures provide some hope that the economic recovery has not ground to a complete halt. 8th March 2010 · 1 min read
Europe Commercial Property Focus Will German office rental values lag behind during the recovery? German office rental value growth lagged behind other major markets between 2004 and 2008, but we do not expect a repeat performance over the next few years. We think that the fundamental supports for... 8th March 2010 · 1 min read
Europe Economics Weekly Labour market prospects still weak On the whole, last week’s news on the euro-zone economy was once again pretty disappointing. But the recent stabilisation in the unemployment rate is at least a little more encouraging. Unfortunately... 8th March 2010 · 1 min read
Europe Economics Update ECB winds down unconventional support The ECB is withdrawing its unconventional policy support a bit more quickly than had been expected. But its gloomy take on the economic outlook and the prospect of aggressive fiscal tightening in... 4th March 2010 · 1 min read
Emerging Europe Economics Update How exposed are Emerging Europe’s banks to Greece? In a recent Update we argued that the crisis in Greece has dealt a huge blow to the prospects for a further rapid expansion of the euro-zone (see Emerging Europe Update, ‘Greek tragedy to temper EMU... 4th March 2010 · 1 min read
Europe Data Response Euro-zone GDP (Q4) The second euro-zone GDP release for Q4 brings some hope that the slowdown in growth at the end of last year at least partly reflected temporary factors. But the recovery in the region remains fragile... 4th March 2010 · 1 min read
Europe Commercial Property Update Investors reveal a liquidity preference A closer look at the movement in French commercial property yields supports the idea that liquidity remains a key consideration for investors as office yields have fallen more sharply than retail or... 4th March 2010 · 1 min read
Europe Chart Pack Recovery prospects weaken Recent weeks have brought signs that the recovery in the euro-zone might have ground to a halt. Q4’s GDP release confirmed that the region expanded by just 0.1% on the quarter. (See Chart.) And recent... 3rd March 2010 · 1 min read
Europe Data Response Euro-zone Retail Sales (Jan.) & Final PMI (Feb.) February’s final PMI survey suggests that the euro-zone economy is still expanding only slowly. And with retail sales falling again in January, the much-needed consumer recovery has yet to materialise... 3rd March 2010 · 1 min read
Europe Economics Update New Greek measures may open door to firmer support The news that the Greek Government will tomorrow announce further measures to reduce its budget deficit raises hope that it will receive the firmer support from the rest of the euro-zone it requires... 2nd March 2010 · 1 min read
Europe Commercial Property Update Hope for a Swedish occupier and investment market recovery fade Q4’s dreadful GDP data for Sweden may have pushed back any recovery in commercial property occupier demand and rental values. Together with the prospect of a rising level of distressed sales, we also... 2nd March 2010 · 1 min read
Europe Data Response Swiss GDP (Q4) The Swiss economy is faring better than others in Europe, posting a 0.7% quarterly expansion in Q4. Such a strong pace is unlikely to be sustained, but we have revised up our forecast for GDP growth... 2nd March 2010 · 1 min read
