Europe Economics Update Norges Bank likely to cut its policy rate next week The likelihood that inflation will soon fall, as well as signs that Norway’s economy has continued to slow in Q3, is likely to prompt the Norges Bank to loosen policy again next week. 16th September 2015 · 1 min read
Nordic & Swiss Economics Update Norges Bank likely to cut its policy rate next week The likelihood that inflation will soon fall, as well as signs that Norway’s economy has continued to slow in Q3, is likely to prompt the Norges Bank to loosen policy again next week. 16th September 2015 · 1 min read
Europe Commercial Property Update Office employment growth points to further rental value gains The latest euro-zone labour market data show that office jobs are a key driver of overall employment growth in most member states. Moreover, even where office employment is relatively subdued, limited... 15th September 2015 · 1 min read
Europe Economics Update Election won’t end the Greek crisis Whichever party wins this Sunday’s Greek election is likely to stick broadly to the conditions of the new bailout in the near term. But even an austerity-minded government will struggle to meet future... 15th September 2015 · 1 min read
Europe Data Response German ZEW (Sep.) September’s ZEW survey confirmed that recent market turmoil and concerns over the global environment have had an adverse impact on German investor confidence. For now, though, the economy itself... 15th September 2015 · 1 min read
Europe Data Response Euro-zone Trade (Jul.) & Employment (Q2) The euro-zone’s goods trade surplus rose to a record high in July, adding to the evidence that the economy got off to a good start in Q3. But we suspect that the trade surplus will fall in the second... 15th September 2015 · 1 min read
Europe Data Response Euro-zone Industrial Production (Jul.) July’s rise in industrial production merely offset the declines in the previous two months, so is not the beginning of a stronger upward trend in the sector. The survey evidence points to fairly... 14th September 2015 · 1 min read
Europe Economics Weekly Will Fed lift-off hit or help the euro-zone? We don’t expect the prospect of higher US interest rates to hit the euro-zone too hard. But the ECB should not take any chances and certainly should not rely on higher US interest rates to lower the... 11th September 2015 · 1 min read
Europe Economics Update How might the ECB expand QE? It looks increasingly likely that the ECB will expand its asset purchase programme, possibly even as soon as next month. We think that the Bank will step up the pace of purchases, perhaps to €80bn per... 10th September 2015 · 1 min read
Europe Data Response Ireland GDP (Q2) Ireland’s impressive recovery continued in Q2. And with the conditions in place for sustained rapid growth, it is set to remain the euro-zone’s fastest-growing economy. 10th September 2015 · 1 min read
Europe Commercial Property Update Is it too late to invest in Amsterdam offices? Improving prospects for occupier demand and low vacancy in the Zuidas submarket mean the outlook for prime Amsterdam offices has strengthened. If our forecasts prove correct, total returns in the 2016... 9th September 2015 · 1 min read
Europe Economics Update Could Greece take advantage of a devaluation? Anxiety about Grexit may have subsided but the underlying issues have not changed. Greece still needs a weaker currency. The well-worn argument that Greece would not be able to take advantage of a... 8th September 2015 · 1 min read
Europe Commercial Property Update Weakening demand coincides with office supply boom in Istanbul Weakening demand growth, an influx of new supply and the sharply depreciating lira are all set to have a negative impact on the office occupier market in Istanbul over the coming years. As such, the... 8th September 2015 · 1 min read
Europe Data Response Euro-zone GDP Breakdown (Q2) Revisions to euro-zone GDP showed that the economy was slightly stronger in the first half of the year than previously thought. However, with inflation likely to fall and growth remain sluggish, we... 8th September 2015 · 1 min read
Europe Economics Focus Has internal devaluation worked for Ireland? Since the financial crisis, internal devaluation appears to have provided only a modest boost to Ireland’s trade balance. More important to the economic recovery has been the pick-up in domestic... 7th September 2015 · 1 min read
Europe Data Response German Industrial Production (Jul.) July’s German industrial production figures revealed a smaller than expected rebound after June’s decline and put an early dent in hopes of a re-acceleration in growth in the third quarter. 7th September 2015 · 1 min read
