Nordic & Swiss Chart Pack Nordic economies outperforming the euro-zone The various high-frequency data series that we have been following in our Recovery Trackers have indicated that activity in the Nordic economies has picked up sharply over the past three months... 13th July 2020 · 5 mins read
Europe Chart Pack Surge in bank lending unlikely to last Euro-zone bank lending growth has jumped in recent months, as firms borrowed to tide themselves over while their revenues collapsed during lockdown. (See Chart 1.) At the same time, banks’ willingness... 7th July 2020 · 12 mins read
Non-Euro Europe Commercial Property Outlook Emerging Europe: CEE retail shines in weak recovery While property values have so far been slow in responding to the virus-related fallout, economic indicators suggest that occupier demand took a hit in Q2. As a result, we think that it is only a... 26th June 2020 · 19 mins read
Non-Euro Europe Commercial Property Outlook Scandi & Swiss: Yield rises to reverse, except for retail The sharp reduction in economic activity over the first half of the year and prolonged uncertainty have negatively impacted investment activity and occupier demand. We expect this will flow through to... 26th June 2020 · 18 mins read
UK Markets Chart Pack Return of risk appetite to buoy assets if virus contained Market conditions have generally improved in recent months, with government bond yields remaining low, corporate bond spreads almost back to their pre-coronavirus levels and the FTSE 100 recovering... 25th June 2020 · 8 mins read
Europe Commercial Property Outlook Property values will fall sharply, but won’t reach GFC lows Thin deal evidence and market uncertainty has meant that the disruption from the virus has been slow to feed through to property values. However, significant falls in economic activity in H1 and... 19th June 2020 · 32 mins read
US Commercial Property Outlook 2020’s yield rises to be reversed by 2022 In the absence of a full-on second wave of the virus, we expect a strong economic recovery in the second half of the year and into 2021. Nevertheless, we expect occupancy to fall this year as... 17th June 2020 · 22 mins read
Nordic & Swiss Chart Pack Nordic economies closer to ‘normal’ than most The latest high frequency data indicate that economic activity in the Nordic economies has continued to recover in recent weeks, with trips to shops and restaurants now close to pre-crisis levels in... 12th June 2020 · 5 mins read
Europe Chart Pack Policymakers getting their act together The latest high frequency data show that economic activity has picked up a bit in the past few weeks. Consumers have been returning to the shops and restaurants. But some sectors such as tourism and... 5th June 2020 · 13 mins read
UK Economics Chart Pack Output only crawling back While the most restrictive period of the lockdown is behind us, the measures enforcing business closures and social distancing are only being eased very gradually. According to the ONS “Business... 4th June 2020 · 9 mins read
UK Economics Focus Another decade of ultra-loose monetary policy The swift and significant response of the Bank of England to the coronavirus crisis has prevented a financial crisis, but we think the Bank will need to do much more than the markets currently expect... 4th June 2020 · 31 mins read
Non-Euro Europe Commercial Property Chart Pack Emerging Europe: More substantial yield rises ahead Much like the rest of Europe, shifts in prime rents and yields in CEE were relatively muted in Q1. The lack of movement was mainly due to thin deal evidence and market uncertainty. But looking ahead... 28th May 2020 · 6 mins read
UK Commercial Property Outlook COVID crash to decimate capital values this year The coronavirus outbreak has transformed the economic outlook and is expected to hit commercial property hard. In the near term, we expect transactions, which are already slowing, to collapse and... 22nd May 2020 · 36 mins read
Europe Commercial Property Chart Pack Larger hit to values yet to come Prime euro-zone rents and yields held broadly steady in Q1, with many agents noting it was not possible to provide a robust reassessment of values. This marked the end of period of positive rental... 20th May 2020 · 10 mins read
Nordic & Swiss Chart Pack Denmark ahead on the long road back to normality The estimates of Q1 GDP that have been released so far have been subject to all manner of health warnings and are liable to be revised, potentially significantly, over the coming quarters. Nonetheless... 14th May 2020 · 5 mins read
UK Markets Outlook Policy to anchor gilt yields and to buoy equities As a protracted economic recovery from the coronavirus crisis will force the Bank of England to keep interest rates close to zero and further expand its quantitative easing programme, gilt yields will... 14th May 2020 · 12 mins read
