Filtered by Subscriptions: Europe Economics Use setting Europe Economics
There have recently been some encouraging signs that Irelands painful adjustment may be coming to an end. Nonetheless, considerable obstacles remain. We expect the economy to continue to contract in both 2010 and 2011. … How long will Ireland’s hangover …
3rd December 2009
The ECB confirmed today that it is phasing out its emergency lending to banks, and perhaps a bit more quickly than had been expected. But the Bank is still downbeat about the economic outlook and we think that any tightening of conventional monetary …
This report is only available as a PDF. Click to download. … Euro-zone GDP (Q3) & Retail Sales (Oct.) …
Q3’s GDP release confirmed that the euro-zone economy finally exited recession last quarter. But the expansion was largely down to a slower pace of destocking than in Q2. Unfortunately, despite the recent increase in consumer confidence there was no sign …
2nd December 2009
Concerns about German banks have increased, with the Bundesbank estimating that further hefty losses are to come and the Government warning of a worsening credit crunch. But, for the time being at least, the situation does not look worse than that …
1st December 2009
This report is only available as a PDF. Click to download. … Euro-zone Unemployment (Oct.) & Manufacturing PMI (Nov.) …
This report is only available as a PDF. Click to download. … Swiss GDP (Q3) …
This report is only available as a PDF. Click to download. … Euro-zone Flash CPI (Nov.) …
30th November 2009
This report is only available as a PDF. Click to download. … A cautionary note on Germany …
This report is only available as a PDF. Click to download. … Euro-zone EC Survey (Nov.) …
27th November 2009
This report is only available as a PDF. Click to download. … Swedish GDP (Q3) …
This report is only available as a PDF. Click to download. … German Consumer Prices (1st Est. Nov.) …
26th November 2009
The ECB will probably confirm at the forthcoming press conference that December’s provision of 12- month bank loans will be the last. Together with possible hints about phasing out 6-month lending next year, this might add to fears that the Bank will …
October’s euro-zone money supply figures provided few signs that the ECB’s unlimited provisions of liquidity are prompting any pick-up in broad money and bank lending. … Euro-zone Monetary Indicators Monitor …
On the face of it, the latest news from the Italian household sector has been pretty disappointing and suggests that consumer spending may have fallen fairly sharply in Q3. Nonetheless, we think that the conditions are in place for a rise in household …
25th November 2009
This report is only available as a PDF. Click to download. … Norwegian GDP (Q3) …
24th November 2009
This report is only available as a PDF. Click to download. … German Ifo Survey (Nov.) & GDP (Q3) …
This report is only available as a PDF. Click to download. … Euro-zone Flash PMIs (Nov.) …
23rd November 2009
This report is only available as a PDF. Click to download. … Falling profit margins pose a threat to the recovery …
The recent news on the Greek public finances has been terrible and suggests that the Government faces a huge task to get its fiscal house in order. Eventually, we expect pressure from the European Commission and the markets to prompt a considerable fiscal …
20th November 2009
This report is only available as a PDF. Click to download. … Spanish GDP (Q3) …
18th November 2009
The recent surge in Swedish and Norwegian property prices has fuelled concerns that both economies’ central banks may be forced to ratchet up interest rates in order to prevent housing market bubbles from developing. But we doubt that house prices will …
17th November 2009
This report is only available as a PDF. Click to download. … Euro-zone Trade Balance (Sep.) …
This report is only available as a PDF. Click to download. … Euro-zone CPI (Oct. Final) …
16th November 2009
This report is only available as a PDF. Click to download. … Steady but unspectacular …
This report is only available as a PDF. Click to download. … Euro-zone GDP (Q3) …
13th November 2009
This report is only available as a PDF. Click to download. … Euro-zone Industrial Production (Sep.) & Spanish GDP (Q3) …
12th November 2009
This report is only available as a PDF. Click to download. … German ZEW (Nov.)/ French & Italian Industrial Prod’n (Sep.) …
10th November 2009
This report is only available as a PDF. Click to download. … German Industrial Production & Trade (Sep.) …
9th November 2009
This report is only available as a PDF. Click to download. … EC forecasts underline fiscal pressures …
The latest comments from the ECB suggest that it is edging slowly towards the policy stimulus exit. But the outstanding stock of central bank loans to ommercial banks will remain very high for some time and the threat of deflation should keep official …
5th November 2009
This report is only available as a PDF. Click to download. … Euro-zone Retail Sales & Spanish Industrial Prod’n (Sep.) …
The past month has brought further signs that the euro-zone is recovering, albeit quite gradually. For a start, July and August’s increases in industrial production suggest that output in the sector should expand by about 2% in Q3. Coming after a 1% fall …
4th November 2009
This report is only available as a PDF. Click to download. … Euro-zone Producer Prices (Sep.) & Final PMIs (Oct.) …
This report is only available as a PDF. Click to download. … Foundations in place for a consumer upturn …
2nd November 2009
This report is only available as a PDF. Click to download. … Euro-zone Flash CPI (Oct.) & Unemployment (Sep.) …
30th October 2009
The ECB will leave interest rates on hold at 1.0% at its November policy meeting and we do not expect it to announce any significant change in its policy of providing generous loans to the banking sector. The Bank might scale back its liquidity provision …
29th October 2009
This report is only available as a PDF. Click to download. … Euro-zone EC Survey (Oct.) …
Along with other regions, the euro-zone remains at risk from a prolonged and damaging bout of deflation. But the threat posed by deflation varies considerably between different countries. Spain and Ireland appear most vulnerable, while Germany and France …
28th October 2009
The widely anticipated decision by the Norges Bank to raise interest rates from 1.25% to 1.50% made it the third central bank to tighten monetary policy, after Israel and Australia, during the current cycle. … Norges Bank becomes the third central bank to …
Europe appears to have turned a corner, with the German and French economies already expanding in Q2 and most others set to follow suit in the third quarter. But the recovery is unlikely to be very rapid. A modest improvement in global demand will mean …
This report is only available as a PDF. Click to download. … German Consumer Prices (1st Est. Oct.) …
This report is only available as a PDF. Click to download. … ECB Bank Lending Survey (Q3.) …
There are still few signs that the ECB’s unlimited provision of liquidity to banks and improving conditions in the financial markets are prompting any pick-up in eurozone broad money and bank lending. … Euro-zone Monetary Indicators Monitor …
27th October 2009
The new German Government’s economic programme includes additional tax cuts that make what was already a fairly generous fiscal package stand out as easily the largest in the euro-zone. Policy tightening will clearly be required in the medium term, but a …
26th October 2009
This report is only available as a PDF. Click to download. … Banks still reliant on ECB liquidity provision …
This report is only available as a PDF. Click to download. … Euro-zone Flash PMIs & German Ifo (Oct.) …
23rd October 2009
The Swedish Riksbank’s latest economic forecasts suggest that a tightening in monetary policy remains a long way off. This supports our view that interest rates are unlikely to rise as quickly or as early as the markets expect. … Swedish Riksbank in no …
22nd October 2009
