Europe Commercial Property Update What does high Czech consumer confidence imply for retail property? Czech consumer confidence hit a six-year high in April. Yet the labour market is still weak and the recent strong pace of growth in retail sales may overstate the underlying health of consumer demand... 1st May 2014 · 1 min read
Emerging Markets Activity Monitor Recovery in Emerging Europe picks up pace, but others struggle Although growth has remained roughly unchanged across the emerging world as a whole over the past few months, there are some stark differences in performance across regions. In particular, growth in... 30th April 2014 · 1 min read
Emerging Europe Economics Update National Bank of Hungary keeps its options open Having cut its benchmark interest rate earlier today, the National Bank of Hungary appears to be keeping all its options open regarding future movements in the policy rate. For what it’s worth, we... 29th April 2014 · 1 min read
Global Economics Update Six questions and answers on the Ukraine crisis We have already written extensively on the crisis in Ukraine and its potential economic and market impacts. (The most relevant publications are listed on page 2.) But as the crisis is back in the... 28th April 2014 · 1 min read
Emerging Europe Economics Focus The Ukraine crisis and Russia: five key questions With Russia facing further sanctions from the West over its alleged involvement in the turmoil in the east of Ukraine, in this Focus we answer five key questions about the potential economic and... 28th April 2014 · 1 min read
Emerging Europe Economics Update Russia’s central bank surprises markets with a rate hike An acceleration in inflation, in part due to the recent sharp drop in the ruble, caused Russia’s central bank to hike interest rates by 50bp today. Looking ahead, with inflation likely to remain high... 25th April 2014 · 1 min read
Global Markets Update Investors flee China’s equity market Net selling by global ETFs and mutual funds dedicated to investing in equities in China was larger in March than in any other month on record according to EPFR Global. This presumably reflected... 24th April 2014 · 1 min read
Emerging Europe Economics Update Is an El Niño a risk to EM inflation? The current period of subdued inflation in the emerging world shows no signs of nearing an end. One possible risk to the outlook is an El Niño, which weather forecasters warn could be on its way, and... 24th April 2014 · 1 min read
Emerging Europe Economics Update Unrest in east Ukraine has limited effect on markets Financial markets across Emerging Europe have proved relatively resilient to the recent escalation in political unrest in eastern Ukraine. But at the same time, the recovery from the losses earlier in... 23rd April 2014 · 1 min read
Emerging Europe Economics Update Russia’s economy appears to have contracted in Q1 March’s activity data show that although the crisis in Ukraine and the first round of Western sanctions have not caused Russia’s economy to collapse, annual growth has still slowed substantially and... 17th April 2014 · 1 min read
Emerging Markets Economics Chart Pack Ukraine crisis having limited impact on EMs The crisis in Ukraine has so far had only a small impact on most emerging markets. Although EM equities have fallen in recent days as the crisis has intensified, they have still risen over the past... 17th April 2014 · 1 min read
Emerging Markets Economics Update Emerging Market Consumer Snapshot (Q2 2014) There are signs that the decline in EM consumer spending growth experienced in 2013 has bottomed out in recent months, with several economies reporting stronger retail sales figures since the turn of... 16th April 2014 · 1 min read
Emerging Europe Chart Pack Central Europe recovers as Russia struggles The latest activity data show that the recovery in Central Europe that started in the second half of last year gathered pace in Q1. Our GDP trackers suggest that growth in the Czech Republic, Hungary... 16th April 2014 · 1 min read
Emerging Europe Economics Update Russia’s economy less resilient than commonly perceived The escalation of unrest in the east of Ukraine has thrust the issue of Western sanctions against Russia back onto the agenda. No side would win in a tit-for-tat exchange of sanctions, but by the same... 15th April 2014 · 1 min read
Global Economic Outlook West to outperform East The world economy should expand steadily in the coming two years, helped by an increasingly strong recovery in the US. However, while the euro-zone has stabilised, it is not growing fast enough to... 14th April 2014 · 1 min read
Emerging Europe Economics Update Fiscal stimulus alone won’t revive Russia’s economy The discussion about how to soften the fallout from the Ukraine crisis on the Russian economy has started to shift towards fiscal stimulus, with key ministers advocating looser fiscal policy earlier... 10th April 2014 · 1 min read
