Emerging Europe Economic Outlook Emerging Europe Economic Outlook The recovery in Emerging Europe has fizzled out in recent months and we think growth will be sluggish over the coming quarters. The crisis in Ukraine presents one headwind, particularly for Russia... 5th September 2014 · 1 min read
Non-Euro Europe Commercial Property Outlook Hunt for yield will drive investors east Over the first half of the year, capital values in the Emerging European commercial property markets were little changed, while values in non-euro-zone Western markets edged a little higher. Over the... 3rd September 2014 · 1 min read
Emerging Europe Chart Pack CEE recovery loses steam The raft of second quarter GDP data released in Central and South Eastern Europe this month showed that growth eased across much of the region. It’s tempting to interpret this as a sign that the... 20th August 2014 · 1 min read
Europe Commercial Property Update When will CEE office occupier demand take off? The recent fall in office take-up across the main CEE markets is a concern given the region’s large office development pipelines. But at the same time, the recent strength of office-based employment... 14th August 2014 · 1 min read
Emerging Europe Economics Update Q2 GDP data show recovery in CEE losing momentum Softer growth across much of Central and Eastern Europe in Q2 is likely to be attributed to spillovers from the crisis in Ukraine but, while this may have weighed on business confidence in some... 14th August 2014 · 1 min read
Emerging Europe Economics Update Q2 GDP data to show Central Europe’s recovery losing steam The raft of second quarter GDP data due to be published next week is likely to show that the recovery in Central and South Eastern Europe lost steam. Worryingly, having made a bright start to Q2... 8th August 2014 · 1 min read
Non-Euro Europe Commercial Property Chart Pack CEE investment grows strongly in Q2 Economic indicators in the non-euro-zone Western European economies were generally positive in Q2, but there are signs that growth slowed across the board in Emerging Europe. That wasn’t enough to put... 6th August 2014 · 1 min read
Emerging Europe Economics Update Romanian MPC flags up prospect of further rate cuts Governor Isarescu opened the door to further interest rate cuts in Romania at today’s post-MPC meeting press conference. Much will depend on inflation data for July and August, due to be released... 4th August 2014 · 1 min read
Emerging Europe Chart Pack Interest rates heading in opposite directions The Russian central bank caused a surprise earlier this month by hiking its one-week repo rate in a pre-emptive move to limit capital outflows ahead of a fresh sanctions imposed by the US and EU. This... 30th July 2014 · 1 min read
Emerging Europe Economics Update Markets shrug off latest standoff with Russia The renewed violence in eastern Ukraine, the imposition of fresh sanctions by the US and the threat of further moves by the EU have weighed on Russian equities. But the recent falls haven’t been as... 28th July 2014 · 1 min read
Emerging Europe Economics Update A more challenging second half of the year The latest batch of activity data suggests that growth in Central Europe may be losing steam. Coming alongside signs that the German economy is also losing momentum, this suggests that the pace of the... 9th July 2014 · 1 min read
Europe Commercial Property Update Could improved transparency drive yield compression? Ireland, Portugal, Hungary and Romania all registered strong improvements in JLL’s 2014 Global RealEstate Transparency Index. As such, in these countries the scope for yields to narrow seems to... 2nd July 2014 · 1 min read
Emerging Europe Chart Pack Contagion from Bulgarian bank run limited The latest activity data suggest that growth across Emerging Europe has strengthened in recent months, but there are a few clouds on the horizon. For a start, the latest data from Germany, the largest... 30th June 2014 · 1 min read
Emerging Europe Economics Update Recovery in Russian markets continues Emerging European equities have rebounded over the past month, driven by Russian stocks. However, this has merely recouped losses seen earlier in the year. Looking ahead, we’re relatively downbeat on... 18th June 2014 · 1 min read
Emerging Europe Economics Focus Central and Eastern Europe: competitive again The pre-crisis boom years in Central and Eastern Europe (CEE) led to an erosion of external competitiveness which is one reason why the recovery from the 2008-09 crisis has been so sluggish. But... 11th June 2014 · 1 min read
Europe Commercial Property Update Why hasn’t Bucharest property benefitted from Romania’s recovery? Last year’s fall in Bucharest capital values seems at odds with Romania’s strong economic growth. But it does appear consistent with the large degree of spare capacity generated by the prior economic... 11th June 2014 · 1 min read
