Europe Rapid Response EZ national inflation data (February) National inflation data released so far suggest that euro-zone headline inflation rose in February and that the core and services rate s were little changed. That is unlikely to change the ECBs... 27th February 2026 · 2 mins read
Europe Economics Weekly Wage growth slowing, what next for Lagarde? February's PMIs showed an increase in price pressures, but we suspect that this reflects higher oil prices as other indicators suggest that wage growth has continued to slow. We expect a further... 20th February 2026 · 7 mins read
Europe Rapid Response Euro-zone flash PMIs (February) February’s flash PMIs support the view that activity in the euro-zone economy is growing at a reasonable pace, led by a pick-up in Germany, and that price pressures remain too high for the ECB to... 20th February 2026 · 2 mins read
Long Run Economic Outlook US and Asia to lead the AI decade Global growth will slow in the long run as population growth weakens and the scope for emerging market catch-up narrows, but there will be bright spots. We are increasingly confident that advances in... 18th February 2026 · 1 hr, 9 mins read
Europe Economics Weekly Bundesbank embracing joint borrowing? Comments by Bundesbank President Joachim Nagel this week suggest the German central bank has abandoned its long-standing opposition to EU joint borrowing. But while we might see some more jointly... 13th February 2026 · 7 mins read
Europe Economics Update Analysing public debt sustainability in the euro-zone Among the largest euro-zone countries, public debt looks most worrying in France because it is on an upward trajectory and Italy because it is likely to remain very high. Government debt is also set... 3rd February 2026 · 4 mins read
Europe Economics Weekly French bond rally looks overdone The French government's survival after bypassing parliament to implement the 2026 budget has done nothing to improve the country's long-term debt dynamics. So we think that the recent narrowing of... 30th January 2026 · 8 mins read
Europe Rapid Response Euro-zone GDP (Q4 2025) & Unemployment (Dec. 2025) Euro-zone GDP growth remained around its trend rate in Q4 and we expect it to maintain that pace in 2026. 30th January 2026 · 2 mins read
Europe Rapid Response Germany, France, Italy & Spain GDP (Q4 2025) National data published this morning suggest that euro-zone GDP grew by a slightly stronger-than-expected 0.3% q/q in Q4. Spain remained the star performer, while Germany, France and Italy also... 30th January 2026 · 2 mins read
Europe Rapid Response Euro-zone PMIs (January 2026) While the new year has begun with a lot of geopolitical turbulence, the flash PMIs for January suggest that the euro-zone economy is still expanding at a moderate pace while price pressures rose a... 23rd January 2026 · 2 mins read
Europe Economics Update Europe will move cautiously over Greenland threats If implemented and sustained for a long period, the new tariffs that President Trump has threatened over the Greenland dispute could cost the euro-zone economy something between 0.2% and 0.5% of GDP... 19th January 2026 · 7 mins read
Global Economics Rapid Response Greenland tariffs: the political consequences would trump the economic It remains unclear whether President Trump’s threat to impose tariffs on eight European countries unless a deal is reached to acquire Greenland will ever materialise. But if it does, the economic... 18th January 2026 · 3 mins read
Europe Economics Focus Pensions & public finances: not just a French problem Far from being only a French problem, pensions will be a growing fiscal headache in all the major euro-zone countries in the coming decade as populations age. In France and Italy, this will add to the... 14th January 2026 · 24 mins read
Europe Commercial Property Update High valuations challenge the Paris prime office market A weak overall office market in Paris has pushed investor demand to prime assets, leaving valuations highly stretched. Nevertheless, our relatively positive prime rental forecast means that Paris... 13th January 2026 · 3 mins read
Europe Commercial Property Update Our key calls for 2026 The recovery in European commercial property values is set to slow this year given the soft economic growth backdrop and elevated interest rates. Our forecast for euro-zone all-property total returns... 7th January 2026 · 3 mins read
Europe Rapid Response Euro-zone national inflation data (December) National inflation data released so far suggest that euro-zone headline inflation fell below 2% in December and that the core rate edged down. ECB policymakers will take that as confirmation that... 6th January 2026 · 2 mins read
