Europe Economics Update Euro break-up will leave no country unscathed We expect a limited form of euro-zone break-up in the next two years to cause widespread economic disruption across the region. And with recent indicators already pointing to recession in a number of... 1st December 2011 · 1 min read
Europe Data Response Euro-zone EC Survey (Nov.) November’s EC business and consumer surveys support the message from other timely indicators that the euro-zone is entering a deep recession. 29th November 2011 · 1 min read
Europe Economics Focus How and when will the euro-zone break up? The continued escalation of the euro-zone debt crisis suggests that some form of break-up of the currency union is now likely to come sooner rather than later. We expect Greece to leave the euro in... 28th November 2011 · 1 min read
Global Markets Update Worse to come for “core” euro-zone bonds? The yields on government bonds issued by France, Austria, Belgium and the Netherlands have risen sharply in recent weeks in a worrying sign that the euro-zone’s debt crisis is starting to rot its... 21st November 2011 · 1 min read
Europe Commercial Property Chart Pack Weaker investment flows in the pipeline Uncertainty about the euro-zone economic outlook is prompting property investors to act more cautiously. Activity in Q3 was driven by deals initiated before the summer’s turmoil. We agree with survey... 21st November 2011 · 1 min read
Europe Economics Weekly Break-up fears pile pressure on the core There are still few signs that euro-zone policymakers are close to placing a firewall around the region’s most troubled economies. This, combined with the deteriorating economic outlook, led some of... 21st November 2011 · 1 min read
Europe Economics Update Is France falling out of the core? Growing concerns about France threaten to take the euro-zone crisis to a new level. If a further rise in bond yields or large bank losses leave France unable to support the periphery, the burden on... 16th November 2011 · 1 min read
Europe Data Response Euro-zone GDP (Q3) & German ZEW (Nov.) The euro-zone’s modest expansion in Q3 could be the last for some time. With more timely indicators already very weak and the debt crisis set to deepen, the risks of another very sharp recession in... 15th November 2011 · 1 min read
Europe Commercial Property Outlook Capital values to fall back in 2012 and 2013 We expect the euro-zone to fall back into recession in 2012 and 2013. We have therefore cut our commercial property forecasts to reflect the weaker economic backdrop. Over the next two years, we... 10th November 2011 · 1 min read
Europe Economic Outlook Deepening crisis to prompt widespread recession The euro-zone debt crisis is having a severely damaging impact on the European macro-economy. Not only are the troubled peripheral economies set to remain deep in recession, but growth prospects have... 3rd November 2011 · 1 min read
Europe Commercial Property Focus Office development tax hike adds downside risk to Paris rental outlook This year’s changes to property taxation in Ile de France could result in a larger proportion of the potential office development pipeline being delivered to the market than otherwise might be... 28th October 2011 · 1 min read
Europe Commercial Property Update Risks of fresh declines in French retail rents have increased To date, the strength of demand from international retailers seeking to enter the French retail market has been sufficient to offset softening demand from incumbent brands, in turn helping to support... 13th August 2011 · 1 min read
Europe Data Response Euro-zone Industrial Prod. (Jun.) & French & Greek GDP (Q2) June’s euro-zone industrial production data and Q2’s French GDP figures provide further strong indications that economic growth in the region as a whole slowed sharply in Q2. 13th August 2011 · 1 min read
Europe Economics Update France's problems threaten policymakers' firepower Growing concerns about France’s fiscal position have underlined the breadth of the euro-zone’s debt crisis. While a default seems unlikely at this stage, merely a credit rating downgrade would... 10th August 2011 · 1 min read
Europe Economics Weekly Italy’s debt dynamics worsen Prior to the announcement of the second rescue package for Greece, we noted that anything other than a very decisive response by European policymakers could prompt Italy and Spain to be dragged deeper... 9th August 2011 · 1 min read
Europe Commercial Property Outlook Europe’s fiscal crisis will dent the occupier market recovery The weakening economic outlook for the euro-zone economy is likely to act as a brake on the recovery in commercial property markets over the next year or two. Rental value growth will moderate in most... 5th August 2011 · 1 min read
