Emerging Europe Economics Update How competitive is Emerging Europe? While the worst of the recession in Emerging Europe has passed, a fundamental lack of competitiveness will hold back the recovery in much of the region. Poland and Turkey stand out as two notable... 14th January 2010 · 1 min read
UK Commercial Property Update Yield differential between Turkey and Russia to be maintained We expect the differential which has opened up between initial yields in Turkey and Russia to be maintained for the next two years at least. A less severe downturn in the occupier market seems to have... 14th January 2010 · 1 min read
Emerging Europe Economics Update Region’s banking sector is not yet out of the woods This time last year, banking sectors across Emerging Europe were on the brink of collapse. Financial conditions have since stabilised, but how are the region’s banks likely to fair in 2010? In order... 13th January 2010 · 1 min read
Emerging Europe Economics Update Czech Rep: pick-up in inflation but rate hikes not imminent Today’s inflation data from the Czech Republic should put to bed any lingering fears of a prolonged period of deflation. But with core price pressures set to remain subdued, we still think that... 11th January 2010 · 1 min read
Emerging Europe Economics Update Turkey: is an IMF deal imminent? Recent quotes from leading policymakers suggesting that Turkey is in advanced talks with the IMF should be taken with a pinch of salt, particularly as negotiations have already dragged on for over a... 7th January 2010 · 1 min read
Emerging Europe Economics Update Romania: NBR recommences its easing cycle This morning’s decision by the National Bank of Romania (NBR) to cut interest rates by 50bps to 7.5% is likely to be the first of a number of cuts over the coming months. While any further political... 5th January 2010 · 1 min read
Non-Euro Europe Commercial Property Outlook Improving investor sentiment may be slow to spread to Emerging Europe (Vol.1 2010) We are more optimistic about the outlook for property returns in non-euro-zone European markets than in our previous forecasts. 4th January 2010 · 1 min read
Emerging Europe Chart Pack 2009: a year to forget or a spur for reform? (Dec 09) Twenty years after the fall of Communism, 2009 should have been a year to celebrate in Eastern Europe. Instead, it looks like a year to forget. The region was hit harder than any other by the turmoil... 23rd December 2009 · 1 min read
Emerging Europe Economics Update Policymakers to retain their dovish bias (Dec 09) The markets are now pricing in relatively aggressive monetary tightening from mid-2010 in most countries in Emerging Europe but we think that three factors will keep rates much lower than investors... 18th December 2009 · 1 min read
Emerging Europe Economics Focus Three challenges facing emerging markets in 2010 11th December 2009 · 1 min read
Latin America Economics Focus Three challenges facing emerging markets in 2010 Emerging markets have, on the whole, weathered the crisis in the global economy well. But 2010 will bring a fresh set of challenges. Overall, we think Asia is best placed to prosper, followed by Latin... 11th December 2009 · 1 min read
Emerging Europe Economic Outlook Domestic pressures to hold back the recovery (Q4 2009) The good news is that following the turmoil earlier this year, most economies in Emerging Europe have now returned to positive growth and financial markets have bounced. The bad news is that a number... 10th December 2009 · 1 min read
Europe Commercial Property Update Depressed activity will prevent rapid rebound in Russian office rents The depressed level of economic activity in Russia is likely to keep the level of occupier demand for office space subdued over the next few years compared to levels recorded prior to the recession... 9th December 2009 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Weak economic recovery to hold back occupier markets (Dec 09) Initial yields were stable in Q3 in most non-euro European markets. Investment activity rose, albeit from a low base. Rental values dropped further in Q3, especially in office markets. The largest... 4th December 2009 · 1 min read
Emerging Europe Chart Pack Q3 GDP show signs of growth, but a long way to go (Nov 09) Q3 GDP data released earlier this month painted a mixed picture. Although much of the region has now returned to positive quarterly growth, this has been was driven by a variety of temporary factors... 27th November 2009 · 1 min read
Emerging Europe Economics Focus Ukraine: At a crossroads We estimate that Ukraine needs a further $7.5bn in external financing assistance next year. But with the outcome of January’s Presidential elections still uncertain, the source of this funding is not... 25th November 2009 · 1 min read
