Non-Euro Europe Commercial Property Chart Pack The occupier downturn is only in its early stages (Mar 09) Most non-euro European commercial property markets have already seen a sizeable upward move in yields. However, as yet, there is more limited evidence of a marked downturn in occupier markets. But, as... 3rd March 2009 · 1 min read
Emerging Europe Chart Pack Industry collapses (Jan 09) Industrial output across the entire region has collapsed in recent months. While there are some country-specific factors at play, such as falling oil output in Russia and the ongoing turmoil in... 26th February 2009 · 1 min read
Emerging Europe Chart Pack In the eye of the storm (Feb 09) Financial markets across Emerging Europe are in turmoil. The immediate trigger for this latest sell-off appears to be fresh concerns over the health of the region’s banking sector. But the bigger... 26th February 2009 · 1 min read
Europe Economics Update Emerging Europe concerns likely to intensify Concerns over Western banks’ exposure to Emerging Europe look likely to intensify as the news from the region continues to deteriorate. Both the euro and the Swedish krona could suffer further as a... 18th February 2009 · 1 min read
Emerging Europe Economics Update Pace of cuts to ease but still heading for record lows (Feb 09) 18th February 2009 · 1 min read
Emerging Europe Economics Focus A chill wind blows east We expect the Emerging European economy to shrink by 3% this year, with no meaningful recovery until 2011. What’s more, further IMF bailouts look likely over the coming months as a number of the... 29th January 2009 · 1 min read
Emerging Europe Economics Focus A grim year ahead for Emerging Europe's banks Rising default rates, a fragile funding structure and widespread currency mismatches mean that banks in Emerging Europe face a grim 2009. Bulgaria, Romania, Lithuania and Estonia may all be forced to... 23rd January 2009 · 1 min read
Emerging Europe Economics Focus The anatomy of the Great Depression of the 1930s There is still no universally accepted single cause of the Great Depression. But our analysis suggests that the main culprit for the role of catalyst was the bursting of the bubbles in the equity and... 19th January 2009 · 1 min read
Europe Commercial Property Update Returns in Emerging Europe more vulnerable to the industrial slump The collapse in industrial production that has been seen across Europe suggests that the economic downturn is rapidly gathering speed. This is bad news for property investors. In our view, investors... 16th January 2009 · 1 min read
Emerging Europe Economics Update Rates heading for record lows (Jan 09) The growth outlook for Emerging Europe continues to deteriorate sharply. With oil and food prices now a deflationary force, policymakers are rightly concerned about inflation undershooting rather than... 14th January 2009 · 1 min read
Emerging Europe Chart Pack 2009: A year-long hangover (Dec 08) It would be an understatement to suggest that 2008 has been a disastrous year for financial markets in the region. Currencies are down by as much as 40% against the dollar, equities have plunged and... 23rd December 2008 · 1 min read
Emerging Europe Economics Update Rates set to fall despite currency risks (Dec 08) A sharp deterioration in the growth outlook, coupled with further falls in oil and food prices, has caused policymakers in the region to grow more concerned about inflation undershooting, rather than... 12th December 2008 · 1 min read
Non-Euro Europe Commercial Property Outlook Emerging Europe to underperform the Euro-zone (Q1 2009) With very few exceptions, total returns in noneuro European commercial property markets are, on average, forecast to be negative in 2009 and 2010, before recovering in 2011 and beyond. (See Charts 1... 10th December 2008 · 1 min read
Emerging Europe Economic Outlook ‘Super Deficit’ countries heading for recession (Q4 2008) The outlook for Emerging Europe remains bleak. The economies of the ‘Super Deficit’ countries (Ukraine, Hungary, Turkey, the Baltics and the Balkans) look set to contract next year as the global... 8th December 2008 · 1 min read
Emerging Europe Chart Pack Crisis deepens in the ‘Super Deficit’ countries (Nov 08) As the global credit crunch intensifies, those countries in Emerging Europe with large external financing needs have been forced to turn to the IMF and EU for emergency funding. Hungary and Ukraine... 27th November 2008 · 1 min read
Emerging Europe Economics Update Falling currencies to prevent dramatic rate cuts (Nov 08) As the global slump intensifies, lingering inflation concerns have given way to fears of an imminent recession in Emerging Europe. But large external deficits have caused currencies in the region to... 18th November 2008 · 1 min read
