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
Europe Commercial Property Update Hungary – weak consumer to weigh on retail property performance Retail property yields and rental values in Hungary have proved surprisingly resilient to date. But if we are right that the outlook for household spending in Hungary is among the weakest in the... 24th November 2009 · 1 min read
Emerging Europe Economics Update Easing-cycle may be over, but hikes are not imminent (Nov 09) After an aggressive easing of monetary policy over the past year, we now think that interest rates have troughed in Poland, Turkey and the Czech Republic. However policymakers in all three will retain... 20th November 2009 · 1 min read
Global Markets Update Too soon to call the top in Russian equities Stock markets have fallen sharply around the world this week, but Russian equities have performed particularly badly. We think renewed gains are likely in the near term, but Russian stocks are likely... 29th October 2009 · 1 min read
Emerging Europe Chart Pack Consumer and business confidence starts to return (Oct 09) After collapsing across the board earlier in the year, consumer and business confidence indicators have rebounded sharply over the past six months. In some cases, they are approaching pre-crisis... 29th October 2009 · 1 min read
Europe Commercial Property Update Should Prague and Warsaw office yields be more differentiated? Investors seem to have taken a broad-brush approach to pricing Prague and Warsaw office markets in recent years. Should there be more differentiation in pricing between these markets? We think that... 22nd October 2009 · 1 min read
Europe Commercial Property Update Warsaw medium-term office rent prospects still good, despite falls The huge fall in Warsaw office rental values seen over the past year looks disproportionate relative to both the strength of the Polish economy and to developments elsewhere in Emerging Europe... 19th October 2009 · 1 min read
Emerging Europe Economics Update Markets still premature in pricing in rate hikes (Oct 09) Although monetary easing-cycles in much of the region are drawing to a close, we still do not expect rates to be hiked anywhere before the second half of 2010. Turkey is likely to be the first to... 16th October 2009 · 1 min read
Emerging Europe Economics Focus Latvia’s Swan Song Although the severe recession in Latvia has caused the current account to swing back into surplus, the rebalancing of the economy is not complete. We think the real exchange rate still needs to fall... 2nd October 2009 · 1 min read
Emerging Europe Chart Pack Fiscal concerns coming to the fore (Sep 09) As deep recessions in the region have unfolded, all countries in Emerging Europe have experienced a sharp deterioration in their public finances. Some nations, particularly those that have turned to... 30th September 2009 · 1 min read
