Europe Commercial Property Update What is the outlook for Warsaw office rents? The current, double-digit pace of rental value growth in the Warsaw office market is not sustainable. But despite a large development pipeline, we believe that Poland’s relatively solid economic... 9th August 2011 · 1 min read
Non-Euro Europe Commercial Property Outlook Yield compression to halt as the recovery falters Non-euro-zone economies will not be immune from the slowdown now unfolding in the single currency area. A slower pace of economic growth coupled with concerns about potential contagion from the crisis... 5th August 2011 · 1 min read
Emerging Europe Economics Update Turkey’s monetary policy experiment gets risky The decision by the Central Bank of Turkey to raise its overnight borrowing rate and cut its benchmark 7-day repo rate could do more harm than good: the rise in the overnight rate risks attracting... 5th August 2011 · 1 min read
Emerging Europe Economics Update Turkey MPC meeting to focus on the lira The Central Bank of Turkey has announced that the MPC will hold an (unscheduled) interim meeting tomorrow, which, it seems, is likely to result in fresh measures to prevent a disorderly adjustment in... 4th August 2011 · 1 min read
Emerging Europe Economics Update Q2 slowdown a sign of things to come Leading indicators suggest that annual growth slowed in pretty much every economy in the region in Q2 of this year. Unfortunately, rather than being just a temporary blip, we think that this is a sign... 3rd August 2011 · 1 min read
Emerging Europe Economics Update Industrial production slows to a crawl The latest Manufacturing PMI data suggest that industrial production growth in the region all but ground to a halt in July. 2nd August 2011 · 1 min read
Europe Commercial Property Update Will Czech retail rental values recover this year? Over recent weeks, the downside risks to our forecasts for a modest recovery in retail rental values in Prague this year have increased. But, if we are right, some of the factors weighing on Czech... 29th July 2011 · 1 min read
Emerging Europe Chart Pack Inflation close to peaking Inflation is close to peaking in most countries in Emerging Europe. Indeed, it may already have done so in Russia. 29th July 2011 · 1 min read
Emerging Europe Economics Update Next move in Hungarian rates should still be down The National Bank of Hungary is in a bind. On the one hand, growth remains pretty sluggish. But on the other, the high level of Swiss franc-denominated household debt limits the scope for, and the... 27th July 2011 · 1 min read
Emerging Europe Economics Update Turkish growth set to slow sharply Today’s decision by the Central Bank of Turkey to suspend its daily purchases of US$ should help to stabilise the lira in the very near term. But it does not tackle the underlying concern, namely... 26th July 2011 · 1 min read
Emerging Europe Economics Focus Euro-crisis: How big is the contagion threat? The prevailing view that Emerging Europe should be able to avoid contagion from the escalating crisis in the euro-zone could prove to be dangerously complacent. At the very least, strong trade ties... 22nd July 2011 · 1 min read
Emerging Europe Economics Update E.coli outbreak not the only disinflationary factor Inflation fell sharply in most countries in the region last month, due in large part to a surprise drop in food prices. This appears to have been driven by one-off factors relating to the outbreak of... 20th July 2011 · 1 min read
Emerging Europe Economics Update Dip in Polish inflation takes pressure off NBP Poland has become the latest country in the region to report slower than expected inflation for June. Once again, the sharp drop in food prices appears to have been caused by one-off factors relating... 14th July 2011 · 1 min read
Europe Commercial Property Update Should we be concerned about the drop in Polish footfall? June’s drop in Polish footfall might suggest that the health of Poland’s retail occupier market is not as strong as many believe. However, the footfall figures are volatile. Together with the strong... 14th July 2011 · 1 min read
Emerging Europe Economics Update Can Emerging Europe stay under the radar? In contrast to governments in the euro-zone’s periphery, the economies of Emerging Europe are not facing a solvency crisis. However, large external financing requirements mean the region is vulnerable... 13th July 2011 · 1 min read
Emerging Europe Economics Update Inflationary pressures retreat Although one-off factors such as the e.coli outbreak may be behind the sharp drop in prices of seasonal fruit and vegetables in June, today’s CPI data reveal few inflationary pressures in the region... 13th July 2011 · 1 min read
