Europe Economics Update Election clouds outlook for Greece Greece has arguably been the positive surprise in the euro-zone over the past few years and near-term prospects look good. However, the forthcoming election may usher in a coalition government which... 10th May 2023 · 3 mins read
Europe Economic Outlook ECB to keep policy tight despite recession The euro-zone economy is set to perform much worse than consensus forecasts suggest over the next two years, with a recession looking likely. That is mainly because monetary policy and bank lending... 28th March 2023 · 27 mins read
Europe Commercial Property Update Athens rent growth to slow but will outpace euro-zone We have downgraded our expectations for Athens prime rental growth over the next two years on the back of a weaker outlook for economic activity. However, with the Greek economy still expected to be... 24th October 2022 · 3 mins read
Euro-zone Commercial Property Outlook Rising interest rates to speed up property correction The weaker economic outlook and larger increases in interest rates are expected to weigh on property performance. With valuations under increasing pressure from sharply rising bond yields, we think... 23rd June 2022 · 31 mins read
Europe Economics Update Greece’s rebound has further to run Greece has already made a more complete recovery from the pandemic than most of its peers and the short-term outlook still looks relatively good. The country is less exposed to Russia-Ukraine risks... 13th June 2022 · 4 mins read
Europe Economic Outlook Inflation falling but rates may rise to zero We expect consumption to rebound from the Omicron wave within a few weeks, lifting euro-zone GDP to its pre-pandemic level in the first half of the year. But GDP will remain below its pre-pandemic... 21st January 2022 · 30 mins read
Europe Economics Weekly Rising Covid fears will keep policymakers dovish It is too early to judge how serious the B.1.1.529 variant will turn out to be, but it certainly reinforces the case for central banks to be ultra-cautious when withdrawing their policy support. We... 26th November 2021 · 11 mins read
Europe Economic Outlook Running into troubled waters Supply chain problems will slow the recovery and keep inflation above target until around the middle of next year. Beyond that, however, the economy should get back on track. After regaining its pre... 19th October 2021 · 31 mins read
Europe Chart Book Headwinds strengthening Supply shortages and rising energy prices are becoming stronger headwinds to the euro-zone recovery. The latest data from Germany showed sharp falls in industrial orders and production, with... 7th October 2021 · 11 mins read
Euro-zone Commercial Property Outlook Sector fortunes to shift While the Delta variant has slowed economic activity in other parts of the world, this has not yet been the case in the euro-zone, and we are cautiously optimistic that the bloc will continue to grow... 16th September 2021 · 31 mins read
Europe Economic Outlook Strong rebound and temporary rise in inflation The euro-zone is on the way to an almost full recovery. We expect Germany to regain its pre-pandemic level of activity later this year and the tourist-dependent southern countries to do so next year... 16th July 2021 · 33 mins read
Europe Commercial Property Update Has Athens been pushed off track by COVID-19? After gaining ground since 2018, the recovery in Athens’ prime property values has stalled. However, we think that the catch up with the euro-zone will continue, albeit at a slower pace than in recent... 6th July 2021 · 3 mins read
Europe Economics Weekly Drop back in bond yields takes pressure off ECB The fall in sovereign bond yields over the past week may make things a little easier for the ECB Governing Council when it meets on 10th June. We think it is likely to replace its commitment to make... 28th May 2021 · 8 mins read
Europe Economics Update How the vaccine will affect Greece’s economy The recent tightening in coronavirus restrictions means that Greece’s recovery will shift into reverse in Q4 and the start of 2021 is also likely to be weak. However, the rollout of a vaccine by mid... 9th December 2020 · 4 mins read
Europe Commercial Property Update Athens retail: best of a bad bunch While the quicker than anticipated pick-up in high frequency data has meant that the fall in Greek economic activity is likely smaller than initially feared, retail rents are still set to drop sharply... 3rd July 2020 · 3 mins read
Europe Economics Update Greece faring better than we had feared While the Greek economy is set to slump this year, it is becoming increasingly clear that the drop in activity will be much less severe than we previously anticipated. We now think that the Greek... 25th June 2020 · 4 mins read
