Europe Commercial Property Update Are shopping centre development pipelines in CEE too large? A low stock of shopping centre floorspace and relatively fast trend rates of consumer spending growth might suggest that the large shopping centre development pipelines in CEE could be absorbed... 21st June 2012 · 1 min read
Emerging Europe Economics Update Russia: growth probably slowed in Q2 Relative to the rest of the region the Russian economy remains in a decent shape, but the first signs of a slowdown are starting to appear. Our estimates suggest that growth eased to around 4.0-4.5% y... 21st June 2012 · 1 min read
Emerging Europe Economics Update Russia's crisis package underlines dependency on oil revenues The $40bn crisis package that press reports suggest is being prepared by the Russian government should allay fears of a repeat of 2008-09, when the Kremlin was accused of being behind the curve in the... 19th June 2012 · 1 min read
Emerging Europe Economics Update The PMI puzzle Manufacturing PMIs in Central Europe have weakened significantly over the past couple of months as the economic outlook has darkened. The one crumb of comfort, however, is that they have not fallen as... 19th June 2012 · 1 min read
Emerging Europe Economics Update Inflation falling in Eastern Europe Headline inflation fell pretty much everywhere in Emerging Europe in May on the back of easing food and energy inflation. Moreover, with the possible exception of Turkey, underlying price pressures... 13th June 2012 · 1 min read
Emerging Europe Economic Outlook Euro-crisis takes centre stage The crisis in the euro-zone continues to cast a long shadow over the outlook for Emerging Europe. Most countries are already feeling the effects of weaker export demand, and the very open economies in... 12th June 2012 · 1 min read
Europe Commercial Property Update CEE industrial rental value outlook brightest in Russia and Turkey Relatively strong domestic demand is likely to support industrial occupier markets in Poland, Russia and Turkey over the next couple of years. This should ensure that all three markets outperform the... 8th June 2012 · 1 min read
Emerging Europe Economics Update How vulnerable is Russia? Compared to 2008-09, Russia is now less vulnerable to financial contagion as a result of a fresh shock to the global economy (most notably from the euro-zone). But at the same time, Russia’s economy... 7th June 2012 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Investors shun Emerging Europe in the first quarter Most of the non-euro-zone European economies grew in Q1 2012. However, economic sentiment has been below normal in a majority of these countries and property investment volumes fell sharply in CEE in... 1st June 2012 · 1 min read
Emerging Europe Economics Update Euro-crisis taking a heavy toll on Emerging Europe’s industry May’s manufacturing PMI data provide further evidence – if any were needed – that the euro-crisis is hitting the economies of Emerging Europe. Industry already appears to be in recession in much of... 1st June 2012 · 1 min read
Emerging Europe Economics Update What can policymakers do to limit financial contagion? There are several ways that, in theory, policymakers in Emerging Europe could limit any financial contagion arising from a disorderly break-up of the euro. But in practice, we suspect that building... 31st May 2012 · 1 min read
Emerging Europe Chart Pack Caught in the crossfire Emerging Europe’s financial markets have been battered over the past month amid growing fears of a disorderly Greek exit from the euro-zone. Equities are down by around 10% in most of the region... 24th May 2012 · 1 min read
Emerging Europe Economics Update Russia: April data still strong, but a slowdown imminent The raft of activity data released today showed that the Russian economy made a decent start to Q2, with consumers remaining the main engine of growth. Meanwhile, the new cabinet, also announced today... 21st May 2012 · 1 min read
Emerging Europe Economics Update Emerging Europe’s currencies caught in the crossfire The growing risk of Greece leaving the euro-zone has taken a heavy toll on Emerging Europe’s currencies. Most are now back at their lows seen in the autumn of last year. Looking ahead, there is... 18th May 2012 · 1 min read
Emerging Europe Economics Update Policymakers have little room for manoeuvre This week’s dismal first quarter GDP data will sharpen the debate over whether policymakers in Emerging Europe should pursue austerity or focus on growth. But in reality, while there is scope for one... 17th May 2012 · 1 min read
Emerging Europe Economics Update Greek exit risks revisited With a few notable exceptions, Emerging Europe’s direct exposure to Greece is small. But the contagion from a disorderly Greek exit from the euro-zone would have disastrous consequences for the region... 15th May 2012 · 1 min read
