Nordic & Swiss Chart Pack Denmark weak in Q3, Sweden powered ahead The Nordic and Swiss Q3 GDP data revealed large differences between the best and worst performing economies. A quarterly contraction of 0.6% meant that Denmark underperformed the rest of the pack by a... 12th December 2017 · 1 min read
Europe Economics Update What would a “hard border” mean for Ireland? A so-called “hard border” between Ireland and the UK could hit the Irish economy pretty hard. But it would also present some opportunities, for example from UK financial firms relocating to Dublin. 29th November 2017 · 1 min read
Europe Commercial Property Update Stamp duty hike likely to call time on Dublin property With investors now forced to fund an additional 4% in transaction costs, Ireland’s decision to increase stamp duty on commercial property will add to the slowdown in the market. Furthermore, with... 13th October 2017 · 1 min read
Europe Commercial Property Update Can Dublin industrial returns continue to outperform? Rental growth has been the driver of total returns in Dublin commercial property. But with the largest rental increases behind us, yield shifts will now play a greater role. Given the likelihood of... 22nd September 2017 · 1 min read
Europe Data Response Ireland GDP (Q2) After falling in Q1, Ireland’s GDP only partially rebounded in Q2. That said, the data are notoriously unreliable as a measure of domestic activity. Other more reliable indicators suggest that the... 15th September 2017 · 1 min read
Europe Data Response Ireland GDP (Q1) The fall in Ireland’s GDP in Q1 is not a major concern. The data are notoriously unreliable as a measure of underlying activity, and other indicators suggest that the economy is performing well. We... 14th July 2017 · 1 min read
Europe Commercial Property Update Are investors questioning rental growth prospects in Dublin? With a large pipeline, concerns about future rental growth are probably behind the flat-lining of prime Dublin office yields. But while rental growth will ease, we don’t think rents are about to fall. 27th June 2017 · 1 min read
Europe Economic Outlook Outlook has brightened despite political risk The euro-zone has continued to perform very well and we now expect growth to be stronger than the consensus forecast this year and next. Inflation has been lower than we had assumed, meaning that... 19th April 2017 · 1 min read
Europe Economics Update Irish economy will continue to outperform We doubt that Prime Minister Enda Kenny’s apparently imminent resignation will have a major macroeconomic effect. More generally, the economy looks well placed to continue growing strongly. 27th February 2017 · 1 min read
Europe Commercial Property Update Rise in Dublin industrial rents not finished yet Strong demand resulting from Ireland’s economic recovery combined with limited supply has pushed prime industrial rents in Dublin up by 45% since 2013. Even so, with these tailwinds set to continue... 15th February 2017 · 1 min read
Europe Economics Update Which countries are most exposed to US protectionism? Germany, Belgium and particularly Ireland are the euro-zone members most exposed to US protectionism, while Portugal and the other peripheral euro-zone economies are the least exposed. 8th February 2017 · 1 min read
Europe Economic Outlook Euro-zone back in the spotlight in 2017 The European economies have continued to fare relatively well, with euro-zone growth in particular supported by a weaker currency and low inflation. However, a temporary surge in inflation this year... 17th January 2017 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Dec.) November’s data brought further signs of public finances improving in the euro-zone’s periphery. But the Greek bail-out deal is at risk of collapse, and the Italian banking sector remains in a parlous... 11th January 2017 · 1 min read
Europe Commercial Property Update Retail rental growth in Ireland to continue to outperform Prime retail rents in Dublin have topped the euro-zone league table for growth since 2014. With good consumer spending prospects and tight supply, we think that rents in the Irish capital will... 11th January 2017 · 1 min read
Europe Chart Pack Surveys and hard data point to Q4 GDP growth pick-up Recent hard data for the euro-zone have generally been encouraging. Despite falling in November, the level of retail sales remains fairly high after a strong rise in October. And while industrial... 9th January 2017 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Nov.) In October, signs of fiscal slippage eased somewhat in the euro zone’s periphery. But the Greek bailout deal remains at risk of collapse and the growing likelihood of a bail-out for Italian banks... 13th December 2016 · 1 min read
