Europe Economics Update Swiss election doesn’t change gloomy economic outlook The shift to the right in yesterday’s Swiss election will mean continued resistance to immigration and perhaps more business-friendly policies. But exchange rate developments are more important for... 19th October 2015 · 1 min read
Nordic & Swiss Economics Update Swiss election doesn’t change gloomy economic outlook The shift to the right in yesterday’s Swiss election will mean continued resistance to immigration and perhaps more business-friendly policies. But exchange rate developments are more important for... 19th October 2015 · 1 min read
Europe Economics Weekly Italian and Irish budgets highlight contrasting fortunes While in last week’s Budget the Irish Government talked up its proposed tax cuts, the big picture was one of continued fiscal consolidation. All else equal, this will drag on growth. But Ireland’s... 16th October 2015 · 1 min read
Europe Data Response Euro-zone Trade (Aug.) August’s euro-zone goods trade data showed that weakening global demand over the summer took a toll on the region’s exporters, causing the trade surplus to fall from a record high. 16th October 2015 · 1 min read
ECB Watch QE expansion coming soon if not this month Recent comments from Governing Council members suggest that the ECB may not be ready to increase its policy support when it meets on 22nd October. But President Draghi is likely to reiterate concerns... 15th October 2015 · 1 min read
Europe Economics Update Key reform vote not Greece's last major challenge The Greek parliament looks set to pass the next set of reforms needed to unlock further bailout funds and potentially open the door to a debt restructuring. But with yet more reforms needed, the... 15th October 2015 · 1 min read
Europe Economics Update Sweden’s labour recovery won’t stop Riksbank cutting The improvement in Sweden’s labour market in recent months has exceeded consensus expectations and those of the Riksbank. But conditions are still far from healthy and wage growth remains subdued... 15th October 2015 · 1 min read
Europe Economics Update Immigration won’t transform Germany’s growth outlook The influx of refugees into Germany has caused much speculation about the costs to the government and possible benefits to the economy. But while the trend presents opportunities for the long term, it... 15th October 2015 · 1 min read
Nordic & Swiss Economics Update Sweden’s labour recovery won’t stop Riksbank cutting The improvement in Sweden’s labour market in recent months has exceeded consensus expectations and those of the Riksbank. But conditions are still far from healthy and wage growth remains subdued... 15th October 2015 · 1 min read
Europe Data Response French CPI (Sep.) Although France’s headline HICP inflation rate held above zero in September, today’s data revealed that price pressures remain exceptionally weak and will add to the growing pressure on the ECB to... 14th October 2015 · 1 min read
Europe Commercial Property Focus Will Munich’s office rental premium over Hamburg continue to grow? Since early 2012, the rental premium commanded by prime office space in Munich over that in Hamburg has grown by almost a third. However, in the next few years both demand and supply fundamentals... 14th October 2015 · 1 min read
Europe Data Response Euro-zone Industrial Production (Aug.) August’s decline in euro-zone industrial production suggested that the sector is still struggling to grow despite the weaker euro and that it will not be a major driver of the euro-zone’s sluggish... 14th October 2015 · 1 min read
Europe Economics Focus What are the prospects for core Europe? With the periphery’s problems far from over, hopes for the euro-zone’s future rest with the core countries. But neither Germany nor France seem set for an economic transformation and the fiscal union... 14th October 2015 · 1 min read
Europe Commercial Property Update Will new office development depress rental growth in Poland? The Polish regional cities are seeing strong demand from the BPO/SSC sectors. But the office space development pipeline has responded equally robustly. Therefore, although demand growth is set to... 13th October 2015 · 1 min read
Europe Data Response German ZEW (Oct.) October’s German ZEW survey confirmed that concerns over the global environment and the scandal at Volkswagen are taking a toll on investor confidence, which might affect economic activity in the... 13th October 2015 · 1 min read
Europe Data Response Swedish Consumer Prices (Sep.) The small rise in Sweden’s headline inflation rate in September to just above zero may be just about enough to prevent the Riksbank from loosening policy further at the end of this month. But we still... 13th October 2015 · 1 min read
