Europe Commercial Property Update Is Poland a “core” property market? One of the key messages from JLL’s 2012 Global Real Estate Transparency Index was that CEE markets – especially Poland – have become more transparent relative to Western Europe. But we think that... 4th July 2012 · 1 min read
Emerging Europe Economics Update Manufacturers in Central Europe feeling the squeeze June’s PMI data provide further evidence that manufacturers in the highly open economies of Central Europe are being hit hard by the crisis in the euro-zone, while those in Russia and Turkey are... 2nd July 2012 · 1 min read
Emerging Europe Economics Focus What would euro break-up mean for Emerging Europe? The economic and financial effects of a limited break-up of the euro-zone could knock some 2-3% off the level of Emerging Europe’s GDP by the end of 2013. But a bigger, more disorderly, break-up would... 27th June 2012 · 1 min read
Emerging Europe Economics Update Weaker Polish data could bring rate cuts back onto agenda Signs that the Polish economy is slowing should quell calls for rate hikes over the coming months. But growing troubles in the euro-zone mean that interest rate cuts are likely to come back on to the... 26th June 2012 · 1 min read
Emerging Europe Chart Pack Growth outlook worsens This month’s data brought further evidence – if any were needed – that the euro-crisis is casting a long cloud over Emerging Europe. Business surveys have deteriorated further, suggesting that growth... 26th June 2012 · 1 min read
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 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
Emerging Europe Economics Update Q1 GDP data show fragility of domestic demand Final Q1 GDP data for Central and South Eastern Europe show that the slowdown across the region was driven by weaker domestic demand, with the exception of Slovakia. Meanwhile, exports proved... 8th 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
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 Poland resilient to euro-crisis but not immune First quarter GDP confirmed what we’ve known for a while: Poland is more resilient than her peers to the crisis in the euro-zone, but equally she is not immune. And with the euro-crisis deepening, a... 31st May 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 Economics Update The economic impact of Euro 2012 The Euro 2012 Football Championships, which are due to start next month in Ukraine and Poland, are an exception to the general rule that major sporting tournaments do not tend to have a significant... 28th May 2012 · 1 min read
