Filtered by Subscriptions: Europe Economics Use setting Europe Economics
This report is only available as a PDF. Click to download. … France & Italy Industrial Production (Dec.) …
10th February 2009
The recent falls in borrowing rates for euro-zone households and firms suggest that last year’s interest rate reductions by the ECB are already filtering through to the wider economy. While this is clearly an encouraging sign, we continue to think the …
9th February 2009
This report is only available as a PDF. Click to download. … ECB faces up to reality …
This report is only available as a PDF. Click to download. … German Ind. Production (Dec.) …
6th February 2009
Although the ECB left interest rates on hold at 2% as expected this month, it hinted clearly that rates would fall by a further 50bp next month. What’s more, President Trichet’s dovish tone supported our long-held view that rates will eventually fall more …
5th February 2009
The recession in the euro-zone industrial sector has become even more severe. Production dropped by a further 1.6% m/m in November, leaving the annual growth rate at a record low of -7.7%. What’s more, the industrial surveys suggest that there is much …
4th February 2009
This report is only available as a PDF. Click to download. … Euro-zone Retail Sales (Dec.) & Final Composite PMI (Jan.) …
This report is only available as a PDF. Click to download. … Euro support set to fade …
2nd February 2009
This report is only available as a PDF. Click to download. … Euro-zone Flash CPI (Jan.) & Unemployment (Dec.) …
30th January 2009
President Trichet’s continued insistence that the next “important” monetary policy meeting will not be until March has more or less ruled out an interest rate cut this month. We still think that weak activity and the prospect of a sustained period of …
29th January 2009
This report is only available as a PDF. Click to download. … Euro-zone EC Survey (Jan.) & M3 (Dec.) …
This report is only available as a PDF. Click to download. … German CPI (1st Est. Jan.) …
28th January 2009
This report is only available as a PDF. Click to download. … German Ifo Survey (Jan.) …
27th January 2009
This report is only available as a PDF. Click to download. … Euro-zone fiscal deficits set to soar …
26th January 2009
This report is only available as a PDF. Click to download. … Euro-zone Flash PMIs (Jan.) …
23rd January 2009
After the UK Government’s latest announcement of additional measures to support banks, policy in the euro-zone is lagging behind again. We hope that extra support will be announced in time, but the slow response so far highlights the risk that inactive …
22nd January 2009
The outlook for the European economy has worsened dramatically as the export-dependent industrial sector has slumped in the face of collapsing global demand. Although falling inflation should boost households’ spending power, this may be limited by a …
21st January 2009
This report is only available as a PDF. Click to download. … German ZEW Survey (Jan.) …
20th January 2009
There is still no universally accepted single cause of the Great Depression. But our analysis suggests that the main culprit for the role of catalyst was the bursting of the bubbles in the equity and commodity markets, accompanied by falling house prices. …
19th January 2009
This report is only available as a PDF. Click to download. … Wider bonds spreads here to stay …
This report is only available as a PDF. Click to download. … Euro-zone Trade Balance (Nov.) …
16th January 2009
While the ECB cut interest rates as expected today, it’s warnings that it will not reduce them again at its next meeting confirm that it will continue to drag its heels compared to other central banks, raising the risk of an unnecessarily deep and …
15th January 2009
The latest news from Spain shows that the housing market downturn is gaining momentum as the economy enters recession. Further sharp falls over the coming quarters are inevitable and we expect house prices to fall by at least one third from peak to …
This report is only available as a PDF. Click to download. … Euro-zone Industrial Production (Nov.) …
14th January 2009
The latest economic data have been pretty awful. Output in the industrial sector is plummeting in response to weakening global demand. What’s more, there is only limited evidence so far of a boost to consumer spending from falling inflation. With the …
13th January 2009
Hopes that the euro-zone’s relative lack of indebtedness would allow it to fare comparatively well in the global downturn have been dashed by the slump in the industrial sector and insufficient policy action. The region may now be among the last to emerge …
This report is only available as a PDF. Click to download. … Will falling inflation boost household spending? …
12th January 2009
This report is only available as a PDF. Click to download. … German & French Ind. Prod'n & Euro-zone Retail Sales (Nov.) …
9th January 2009
Given the latest sharp fall in inflation and mounting evidence that the euro-zone economy is in the midst of a severe downturn, we see the ECB cutting interest rates by 50bp this month. Indeed, as it becomes clear that the recession will be worse than the …
8th January 2009
This report is only available as a PDF. Click to download. … Euro-zone EC Survey (Dec.) & Unemployment (Nov.) …
This report is only available as a PDF. Click to download. … German Unemployment (Dec.) & Euro-zone PPI (Nov.) …
7th January 2009
This report is only available as a PDF. Click to download. … Euro-zone Flash CPI & Final Composite PMI (Dec.) …
6th January 2009
This report is only available as a PDF. Click to download. … French Consumer Spending (Nov.) & Italian Retail Sales (Oct.) …
23rd December 2008
This report is only available as a PDF. Click to download. … Euro-zone GDP to fall by 2% next year …
22nd December 2008
The latest signal from the US Federal Reserve that it plans to adopt an even more aggressive policy of quantitative easing has fuelled speculation over what other central banks like the ECB might do to support their economies. In fact, the ECB is already …
18th December 2008
This report is only available as a PDF. Click to download. … German Ifo Survey (Dec.) & Euro-zone Trade Balance (Oct.) …
Quantitative easing (QE) is a potentially very powerful tool that could pull economies out of recession and deflation. However, to work fully it may have to be combined with additional measures to encourage the banks to lend or, as a last resort, a …
17th December 2008
This report is only available as a PDF. Click to download. … Euro-zone Flash PMIs (Dec.) & Employment (Q3) …
16th December 2008
This report is only available as a PDF. Click to download. … Industrial slump raises the risk of a deeper downturn …
15th December 2008
This report is only available as a PDF. Click to download. … Euro-zone Industrial Production (Oct.) & Labour Costs (Q3) …
12th December 2008
The German Government has come under attack from the press and other European leaders for its apparent reluctance to provide its ailing economy with a fiscal boost. In fact, it has done more than is commonly perceived, although there is clearly scope for …
11th December 2008
After today’s expected 50bp interest rate cut, the bottom end of the Swiss National Bank’s target range for three-month interest rates has already hit zero. For now, the Bank will target a rate of around 0.5%, in the middle of its range, but as the …
Despite the recent weakness in the region, there are still reasons to think that at least some parts of Europe might suffer a shallower and shorter downturn than that underway in the United States. But much rests on the policymakers. … Just how heavily …
This report is only available as a PDF. Click to download. … Italian GDP (Q3), French & Italian Industrial Production (Oct.) …
10th December 2008
This report is only available as a PDF. Click to download. … German ZEW Survey (Dec.) & Trade Balance (Oct.) …
9th December 2008
This report is only available as a PDF. Click to download. … German Ind. Production (Oct.) …
8th December 2008
This report is only available as a PDF. Click to download. … Cagey policymakers add to downside growth risks …
The ECB’s 75bp interest rate cut to 2.5% is an encouraging sign that the Bank recognises the severity of the economic downturn after earlier hints that a more modest reduction was likely. Although President Trichet refused to give any clear signal of …
4th December 2008
This report is only available as a PDF. Click to download. … Swiss GDP (Q3) …
The decision by the Swedish Riksbank to slash interest rates by 175 basis points highlights the degree to which the economic outlook has deteriorated. With the downturn set to worsen next year, further interest rate cuts seem likely. … Swedish interest …
