Europe Economics Update Euro-zone Fiscal Monitor (July) Public finances improved across the region in Q1, and timelier central government data suggest that the peripheral countries continued to perform well in Q2. Meanwhile, Portugal and Spain avoided... 3rd August 2016 · 1 min read
Europe Economics Update Swedish fundamentals stronger than Q2 GDP data suggest Sweden’s weak Q2 GDP growth rate is at odds with both the monthly economic data and the positive tone of recent surveys. As such, we suspect a decent rebound is on the cards for Q3. 2nd August 2016 · 1 min read
Nordic & Swiss Economics Update Swedish fundamentals stronger than Q2 GDP data suggest Sweden’s weak Q2 GDP growth rate is at odds with both the monthly economic data and the positive tone of recent surveys. As such, we suspect a decent rebound is on the cards for Q3. 2nd August 2016 · 1 min read
Europe Economics Update France’s Q2 stagnation likely to be more than a one-off While France’s stagnation in the second quarter was partly down to temporary factors, we doubt that there will be a strong rebound in Q3. Indeed, we think that the underlying pace of growth has now... 1st August 2016 · 1 min read
Europe Economics Update Italy and Ireland the losers from bank stress test The latest EU bank stress tests confirm that, on the whole, the region’s banks are in a much healthier position than a few years ago. However, there are still significant problems in some countries’... 1st August 2016 · 1 min read
Europe Economics Update Don’t over-interpret Greece’s glimmers of hope Recent news about Greece, including a planned return to bond issuance in 2017, may suggest that it is finally heading out of the woods. But we have been here before and with the debt burden still huge... 28th July 2016 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (June) June’s data suggest that euro-zone money and credit growth are still too weak to provide much support to the economy. While the full effects of ECB stimulus introduced in June are yet to be felt, we... 27th July 2016 · 1 min read
Europe Economics Update Belgium among most exposed to Brexit fallout A weaker outlook for the external sector on the back of the UK’s Brexit vote will hit Belgium’s open economy harder than most. And with consumers looking poorly placed to take up the slack, the... 26th July 2016 · 1 min read
Europe Economics Update ECB set to act in September After leaving policy on hold today, the ECB also stopped short of promising imminent policy easing. But President Draghi reiterated that the Bank is ready to act and we believe that it will up the... 21st July 2016 · 1 min read
Europe Economics Update Riksbank finds positives despite Brexit vote The Riksbank minutes confirm a readiness to act if conditions deteriorate in the wake of the UK’s Brexit vote. But there are signs of diminishing appetite for further measures from some members. 19th July 2016 · 1 min read
Nordic & Swiss Economics Update Riksbank finds positives despite Brexit vote The Riksbank minutes confirm a readiness to act if conditions deteriorate in the wake of the UK’s Brexit vote. But there are signs of diminishing appetite for further measures from some members. 19th July 2016 · 1 min read
Europe Economics Update Trade tariffs pose limited threat to euro-zone exports With the exception of the automobile and agricultural industries, WTO tariffs are low enough to imply that even if no trade deal is reached, Brexit will do little direct damage to euro-zone exporters... 14th July 2016 · 1 min read
Europe Economics Update The Netherlands will be hit harder than most by Brexit The Dutch economy is more vulnerable than most to a downturn in the UK. In turn, the negative labour market impact could boost support for eurosceptic parties ahead of next year’s elections. 11th July 2016 · 1 min read
Europe Economics Update Riksbank pushes back rate rise expectations Sweden’s Riksbank has pushed back its expectations for a rate rise. Although the negative impact of previous falls in energy prices on inflation is fading and domestic inflationary pressures are... 6th July 2016 · 1 min read
Nordic & Swiss Economics Update Riksbank pushes back rate rise expectations Sweden’s Riksbank has pushed back its expectations for a rate rise. Although the negative impact of previous falls in energy prices on inflation is fading and domestic inflationary pressures are... 6th July 2016 · 1 min read
Europe Economics Update Germany won’t suffer most from Brexit vote While German exporters are particularly vulnerable to weaker demand from the UK following the Brexit vote, the economy is also well-placed to benefit from any relocation of financial services or... 5th July 2016 · 1 min read
