Europe Economics Weekly Time is running out for Greece The failure of the Eurogroup last week to agree even on steps for further discussions on Greece does not bode well for the emergence of a full solution at Monday’s meeting. This could prompt nerves... 13th February 2015 · 1 min read
Europe Commercial Property Chart Pack Record-breaking quarter for euro-zone investment Euro-zone commercial property investment volumes reached a record high in the fourth quarter of 2014. Such strong investment flows meant that competition for assets was strong, which in turn led to... 13th February 2015 · 1 min read
Europe Data Response Euro-zone GDP (Q4 Prov.) Q4’s slight pick-up in euro-zone GDP growth suggests that the benefits of a falling oil price and a weaker euro are offsetting the effects of the Greek crisis for now. But growth is too weak to reduce... 13th February 2015 · 1 min read
Europe Economics Update How would Greece leave the euro? With euro-zone leaders struggling to reach a workable solution to Greece’s debt problems, the chances of a Greek exit from the currency union have risen. In 2012, Capital Economics won the Wolfson... 12th February 2015 · 1 min read
Europe Data Response Euro-zone Industrial Production (Dec.) December’s disappointing stagnation of euro-zone industrial production confirmed that the region’s economy remains far too weak to ward off the threat of deflation. 12th February 2015 · 1 min read
Emerging Europe Economics Update What to make of the latest currency moves in Central Europe After a year of stability, Central Europe’s currency markets sprung back to life over the past month as the ECB unveiled a QE programme and the Swiss National Bank (SNB) decided to scrap its exchange... 9th February 2015 · 1 min read
Europe Economics Focus Is deflation here to stay this time? The latest bout of deflation in the euro-zone looks set to last rather longer than the brief period of falling prices seen back in 2009. With vast amounts of slack in the economy and inflation... 9th February 2015 · 1 min read
Europe Economics Weekly Grexit risks rising Several developments last week arguably brought Greece closer to exiting the euro-zone than it has ever been. While the Government appeared to give ground on its demands for debt restructuring, its... 6th February 2015 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jan.) The latest fiscal data suggest that the peripheral economies continued to strengthen their budget positions at the end of last year. But many look set to have missed their 2014 targets and Greece’s... 6th February 2015 · 1 min read
Europe Chart Pack Modest recovery continues despite Greek crisis Euro-zone economic activity has continued to recover despite the troubles in Greece. For now, worries about the crisis seem to have been offset by the benefits of a weaker euro and falling producer... 5th February 2015 · 1 min read
Global Markets Update Is there more upside for equities in Japan than in the euro-zone? Despite the strong performance of equities in the euro-zone so far this year, we think there is more upside for those in Japan. Our end-2015 forecast for the DAX is 11,000, which is barely above its... 4th February 2015 · 1 min read
DM Markets Chart Pack Equity rally to shift from euro-zone to Japan Euro-zone equities have surged since the end of December, with the DAX up nearly 10%. The key driver of returns has been the anticipation and subsequent launch of the ECB’s quantitative easing... 4th February 2015 · 1 min read
Europe Economics Weekly Markets still complacent on Greece’s debt challenge Our concerns that the markets have been under-estimating the challenge faced by the new Syriza-led Greek Government and the Troika in trying to reach a mutually acceptable solution to Greece’s debt... 30th January 2015 · 1 min read
Europe Data Response Euro-zone Flash CPI (Jan.) & Unemployment (Dec.) January’s drop in core euro-zone inflation to a record low brought further confirmation that deflationary pressures in the currency union go well beyond the effect of falling oil and energy prices. 30th January 2015 · 1 min read
Europe Data Response Euro-zone EC Survey (Jan.) January’s small rise in the EC Economic Sentiment Indicator (ESI) did little to change the picture of very subdued growth in the euro-zone at the start of this year. 29th January 2015 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Dec.) December’s euro-zone monetary data showed that credit conditions continued to improve at the end of last year. But the recovery is still at an early stage, highlighting the need for the ECB’s latest... 29th January 2015 · 1 min read
