| 3 September 2010 | Can Germany sustain growth in the Eurozone? |
| 27 August 2010 | Oxford Economics’ study of the Eurozone fiscal crisis |
| 20 August 2010 | How healthy is the European banking sector? |
| 13 August 2010 | Has Eurozone growth peaked? |
| 6 August 2010 | Has manufacturing activity peaked? |
| 30 July 2010 | Eurozone banks: stress still ahead |
| 23 July 2010 | Deflation more a concern than inflation |
| 16 July 2010 | Growth slows amid financial tensions |
| 9 July 2010 | Can a lower euro restore competitiveness in southern Eurozone countries? |
| 2 July 2010 | Eurozone outlook – towards a lost decade? |
| 25 June 2010 | Oil price outlook to 2030 |
| 18 June 2010 | Financial tensions now, and slow growth ahead |
| 11 June 2010 | Global manufacturing sector rebounds but Europe lags behind |
| 4 June 2010 | Would a weaker euro relieve Eurozone pains? |
| 28 May 2010 | The ECB sovereign bond purchase - benefits and risks |
| 21 May 2010 | Debt crisis to put Eurozone convergence on hold |
| 14 May 2010 | A positive Q1 but fiscal tightening will hamper growth |
| 7 May 2010 | Can the new rescue package save Greece from default? |
| 30 April 2010 | Greece on the brink of default – what are the consequences? |
| 23 April 2010 | Public and private debt |
| 16 April 2010 | Can deflation succeed in Greece? |
| 9 April 2010 | Is the recovery stalling? |
| 2 April 2010 | Pain on the periphery |
| 26 March 2010 | Unemployment – is the worst over? |
| 19 March 2010 | Has the euro really weakened? |
| 12 March 2010 | Slow and uneven growth |
| 5 March 2010 | A rapid rebound in manufacturing |
| 26 February 2010 | Is the economic recovery in Europe and the US sustainable? |
| 19 February 2010 | Growth slows and fiscal woes remain unresolved |
| 12 February 2010 | Car scrapping – a mixed blessing? |
| 5 February 2010 | Banking regulation – are we on the right track? |
| 29 January 2010 | Is Greece heading for default? |
| 22 January 2010 | Euro area inflation outlook |
| 15 January 2010 | Growth slows in the Euro area |
| 8 January 2010 | Recession and recovery in European cities |
| 18 December 2009 | Pace of the industrial rebound is set to slow |
| 11 December 2009 | After a good Q3, a slowdown is likely |
| 4 December 2009 | The outlook for unemployment – is this recession different? |
| 27 November 2009 | The crisis, unemployment and productivity – the US versus the Eurozone |
| 20 November 2009 | The outlook for global construction |
| 13 November 2009 | The fiscal implications of the crisis |
| 6 November 2009 | A positive Q3, but will it last? |
| 30 October 2009 | Global capital flows on the rebound? |
| 23 October 2009 | Long-term growth implications of the recession – part III |
| 16 October 2009 | Manufacturing sector is recovering, but will it last? |
| 9 October 2009 | Long-term growth implications of the recession – part II |
| 2 October 2009 | Long-term growth implications of the recession – part I |
| 25 September 2009 | Leaders and laggards, on the way down and up |
| 18 September 2009 | The worst is over in the manufacturing sector, but the recovery will be slow and fragile |
| 11 September 2009 | Q2 GDP surprises on the upside, but uncertainties remain |
| 4 September 2009 | Will the countries hit hardest bounce back fastest? |
| 28 August 2009 | Global economy emerges from recession – could this lead to a renewed spike in oil prices? |
| 21 August 2009 | World financial wealth rebounding – a boost to recovery prospects? |
| 14 August 2009 | Q2 GDP shows signs of stabilisation but the picture is still mixed |
| 7 August 2009 | Should we worry about the Eurozone banking sector? |
| 31 July 2009 | European regions face mixed fortunes in recession |
| 24 July 2009 | Where does the €/$ exchange rate go from here? |
| 17 July 2009 | Can Asia pull the Eurozone out of the doldrums? |
| 10 July 2009 | Early data for Q2 are very weak, while the credit markets are still stuck |
| 3 July 2009 | Unemployment – the next big problem ahead? |
| 26 June 2009 | PMIs signal crisis easing but recovery still some way off |
| 19 June 2009 | Time for the ECB to think about an exit strategy? |
| 12 June 2009 | Could swine flu tip the world into deflation? |
| 5 June 2009 | Confidence improves, but unemployment is soaring and activity remains very weak |
| 29 May 2009 | Dismal Q1 for European manufacturing, but some signs that pace of decline may be moderating |
| 22 May 2009 | Q1 GDP shows the extent of the downturn, but French data less gloomy than expected, so far… |
| 15 May 2009 | Bank stress tests – are they stressful enough in the US, and what about Europe? |
| 8 May 2009 | Confidence rebounds but activity still declining |
| 1 May 2009 | Slump in wealth to hinder global recovery prospects? |
| 24 April 2009 | Global financial system losses soar again – more bailouts on the way? |
| 17 April 2009 | Key business centres to be hit hard by recession |
| 10 April 2009 | Economic conditions still deteriorating in the Eurozone |
| 3 April 2009 | Is the Eurozone at risk from deflation? |
| 27 March 2009 | How far away is a global recovery? |
| 20 March 2009 | Deteriorating public finances to increase strains within the Eurozone |
| 13 March 2009 | Recession bites harder as global investment crumbles |
| 6 March 2009 | Deepest manufacturing recession for at least 30 years |
| 27 February 2009 | Can Germany shoulder the burden of supporting the Eurozone? |
| 20 February 2009 | Meltdown in central and eastern Europe – a threat to Eurozone stability? |
| 13 February 2009 | Credit tightening continues in the Eurozone – but first signs of improvement in the US? |
| 6 February 2009 | Is the credit crunch intensifying in the Eurozone? |
| 30 January 2009 | Eurozone unity threatened? |
| 23 January 2009 | Creditworthiness of Eurozone countries under threat? |
| 16 January 2009 | Recovery will be slower than in the US |
| 9 January 2009 | Financial meltdown averted – but how deep and how widespread will the recession be? |
| 19 December 2008 | Major economies switching to alternative policies |
| 12 December 2008 | Eurozone set to slide further into recession |
| 5 December 2008 | Should the ECB now implement quantitative easing? |
| 28 November 2008 | Will a coordinated fiscal boost in Europe revive the economy? |
| 21 November 2008 | Repatriation flows boost the dollar – but will it last? |
| 14 November 2008 | Recession set to deepen in the Eurozone and inflation to fall sharply |
| 7 November 2008 | ECB proves the laggard in race to cut rates |
| 31 October 2008 | The ECB has been slow to cut rates, will it now act decisively? |
| 24 October 2008 | Q&A: The financial crisis |
| 17 October 2008 | European governments develop a rescue plan, but has it come too late? |
| 10 October 2008 | European policymakers react to financial crisis but growth prospects continue to worsen |
| 3 October 2008 | Europe needs its own bailout plan |
| 29 September 2008 | Outlook for growth in major economies deteriorates further as financial turmoil intensifies |
| 19 September 2008 | Economic outlook deteriorates but inflation may have peaked |
| 12 September 2008 | Will the takeover of Freddie and Fannie boost US growth or undermine its creditworthiness? |
| 5 September 2008 | Has inflation now peaked? |
| 29 August 2008 | Has the former sick man of Europe had a relapse? |
| 22 August 2008 | Are credit conditions still deteriorating? |
| 15 August 2008 | The markets turn against the euro |
| 8 August 2008 | The Eurozone runs into the buffers |
| 1 August 2008 | Is the credit crunch worsening in Europe? |
| 25 July 2008 | Can the boom in food prices last? |
| 18 July 2008 | A new round of financial distress |
| 11 July 2008 | ECB raises rates as growth prospects worsen |
| 4 July 2008 | European growth divisions deepen further |
| 27 June 2008 | Major economies to experience period of below-trend growth |
| 20 June 2008 | Why are LIBOR rates still so high? |
| 13 June 2008 | ECB prepares to hike rates despite the economy slowing |
| 6 June 2008 | Persistently high oil prices threaten growth in the Eurozone, but ECB likely to worry more about inflation |
| 30 May 2008 | Industry in Europe outperforms the US and Japan |
| 23 May 2008 | Monetary policy is on hold - can fiscal policy help support growth? |
| 16 May 2008 | Germany and France pick up pace into a headwind, but are set to flag over the coming months |
| 9 May 2008 | Signs of a slowdown increasing but interest rates to remain on hold |
| 2 May 2008 | The hawkish bias of the ECB |
| 25 April 2008 | The global M&A outlook |
| 18 April 2008 | Is this the first global property crisis? |
| 11 April 2008 | Inflation worries increasing but businesses remain upbeat |
| 4 April 2008 | What are the main downside risks to growth in the short-term? |
| 28 March 2008 | Will the labour market provide a buffer against the repercussions of the credit crunch? |
| 21 March 2008 | Bear Stearns sends shockwaves as risk aversion spikes again |
| 14 March 2008 | Activity holding up well but strong euro a concern |
| 7 March 2008 | Inflation stuck above 3% |
| 29 February 2008 | Confident business sector boosts euro |
| 22 February 2008 | Is the ECB bailing out Eurozone banks? |
| 15 February 2008 | Eurozone growth seen at 1.7% in 2008, and interest rates to remain on hold |
| 8 February 2008 | Eurozone growth divisions resurface – how will the ECB respond? |
| 1 February 2008 | Can European companies live with the strong euro? |
| 25 January 2008 | Stock market slump shifts the Fed – will the ECB follow? |
| 18 January 2008 | Is there any evidence that the credit crunch is hurting the wider economy? |
| 11 January 2008 | Eurozone faces a number of headwinds that will keep growth around trend |
| 4 January 2008 | Malta and Cyprus join the EMU |
| 21 December 2007 | Confidence falls as inflation jumps and a slowdown looms |
| 14 December 2007 | Central banks coordinate action to alleviate pressure on short-term markets |
| 7 December 2007 | Are inflation expectations on the rise? |
| 30 November 2007 | Manufacturing output in the Eurozone strong in 2007, but set to slow in 2008 |
| 23 November 2007 | Is the US dollar set to fall further? |
| 16 November 2007 | No relief from high oil prices… |
| 9 November 2007 | Everything in moderation… |
| 2 November 2007 | Higher inflation means next interest rate move is still likely to be up |
| 25 October 2007 | How vulnerable are Eurozone exports to US$ weakness? |
| 19 October 2007 | Should Spain be wary of the German construction experience? |
| 12 October 2007 | Will growth hold up despite a stronger euro and tighter credit standards? |
| 5 October 2007 | Has the ECB finished tightening? |
| 28 September 2007 | Where next for the euro? |
| 21 September 2007 | The ECB is unlikely to follow the Fed’s lead |
| 14 September 2007 | ECB pauses but is still minded to increase interest rates |
| 7 September 2007 | The ECB pauses - does this mean interest rates have peaked? |
| 31 August 2007 | Is business investment booming at the expense of consumers? |
| 24 August 2007 | Will financial market turbulence affect monetary policy? |
| 17 August 2007 | Is the Eurozone at risk from the subprime crisis? |
| 10 August 2007 | ECB still set to tighten further |
| 3 August 2007 | Financial and business services - the driving force behind the UK's economic success |
| 27 July 2007 | Where is the risk in global financial markets? |
| 20 July 2007 | Will inflation be above target by year-end? |
| 13 July 2007 | Fiscal policy back on the agenda |
| 6 July 2007 | Are low risk spreads sustainable? |
| 29 June 2007 | Does the French “growth and confidence” shock add up? |
| 22 June 2007 | How big a risk is the property market in Spain? |
| 15 June 2007 | Inflation is likely to dip in Q3, but be above the ECB target at end-2007 |
| 8 June 2007 | Interest rates climb to 4% and are likely to reach 4.5% by year-end |
| 1 June 2007 | Strong upswing to see GDP growth of 2.7% this year - is this sustainable over the long term? |
| 25 May 2007 | Industry to grow well over 3% again in 2007 |
| 18 May 2007 | The Eurozone is set be the fastest growing major economy |
| 11 May 2007 | Business confidence is driving investment and job creation; euro not yet a threat to exports |
| 4 May 2007 | As the euro hits all-time highs against the dollar and yen, should we worry? |
| 27 April 2007 | The Stability and Growth Pact – not gone, but nearly forgotten |
| 20 April 2007 | Do higher oil prices threaten the benign inflation outlook? |
| 13 April 2007 | A higher euro could dampen inflation, but its threat to growth is muted |
| 30 March 2007 | European M&A set for another record year in 2007 |
| 23 March 2007 | Eurozone expansion: fiscal problems, inflation and apathy see Slovakia head the pack |
| 16 March 2007 | Are higher wages a threat to growth? |
| 9 March 2007 | Current financial market volatility shouldn’t knock Eurozone growth off track |
| 2 March 2007 | Inflation could fall to 1.5% by May, but the ECB will keep on raising rates |
| 23 February 2007 | France: from first to worst - have the presidential candidates got the answers? |
| 16 February 2007 | The Eurozone outperforms the US again - how long can it last? |
| 9 February 2007 | Is the Yen/€ exchange rate hitting the Eurozone’s industrial performance? |
| 2 February 2007 | Is Eurozone inflation set to fall significantly below target? |
| 26 January 2007 | How is the destination of Eurozone exports changing? |
| 19 January 2007 | Italy: not as sickly as we thought? |
| 12 January 2007 | Can stockmarkets in the Eurozone continue to rise? |
| 5 January 2007 | 12 becomes 13 as Slovenia joins the Eurozone |
| 22 December 2006 | How important are exports for growth in the Eurozone? |
| 15 December 2006 | Is the ECB correct to assert monetary policy is still accommodative? |
| 8 December 2006 | Can German GDP growth hit 2% in 2007 despite the VAT hike? |
| 1 December 2006 | Is the recent rapid rise in the euro likely to continue? |
| 24 November 2006 | Does current M3 growth point to upside inflation risks? |
| 17 November 2006 | GDP growth slowed in Q3, but should end 2006 strongly |
| 10 November 2006 | How much slack is there in the Eurozone economy? |
| 3 November 2006 | Do consumers in Germany realise that VAT is set to rise? |
| 27 October 2006 | Has the Eurozone turned the productivity corner? |
| 20 October 2006 | How long will inflation stay below 2%? |
| 13 October 2006 | Italy - will the 2007 budget deliver on growth and structural reform? |
| 6 October 2006 | Should we be more optimistic over prospects for greater investment? |
| 29 September 2006 | Italy – not so sick after all? |
| 22 September 2006 | Growth has probably peaked, but are there upside risks? |
| 15 September 2006 | German yield curve close to inversion, does this signal recession? |
| 8 September 2006 | Projected doubling of old age dependency ratio has significant implications for financial markets and fiscal policy |
| 1 September 2006 | Q2 data unexpectedly strong but doubts about recovery persist; ECB signals further rate hike in October |
| 28 July 2006 | Should the ECB be more worried about inflation? |
| 21 July 2006 | Is tax competition still an issue? |
| 14 July 2006 | German healthcare reform falls short; rise in payroll tax in January will dilute offsets to 3% rise in VAT from January |
| 7 July 2006 | Unusual divergence of views among ECB council members recently, but this week’s press conference unambiguously hawkish |
| 30 June 2006 | Eurozone economy could grow 0.7% in Q2, strongest for more than two years |
| 23 June 2006 | Factors underlying recent EUR weakness against the USD and reasons for this to go into reverse early in 2007 |
| 16 June 2006 | Despite strong household consumption in Q1, we remain cautious |
| 9 June 2006 | ECB raises rates by 25 basis points as expected, more rises to come as activity data strengthen and inflation and M3 growth accelerate |
| 2 June 2006 | German government to proceed with VAT hike despite buoyant tax revenues; ECB rate hike of 25bps still more likely than 50bps |
| 23 May 2006 | ECB and eurozone finance ministers unconcerned by EUR appreciation; March industrial production and exports show strength |
| 16 May 2006 | ECB may raise rates by 50 basis points at June rate-setting meeting as concern about inflation deepens |
| 9 May 2006 | Further evidence of stronger growth, with signs of rising employment and retail sales; ECB signals more rate hikes despite EUR strength |
| 3 May 2006 | Further rise in leading indicators suggests H1 growth may be well above forecasts; inflation tensions appearing, bond market in retreat |
| 25 April 2006 | Upward pressure on EUR as central banks hold more in reserves and G7 calls for surplus countries to allow currency appreciation against USD |
| 11 April 2006 | ECB reverses expectations of May interest rate hike, perhaps fearing EUR appreciation; output prices beginning to creep up |
| 4 April 2006 | Money market rates jump on robust PMI and faster money supply growth; ECB and Fed signal more rate hikes; bond markets in retreat |
| 28 March 2006 | Leading indicators still point to stronger growth, boosted by exports; domestic demand remains hesitant; inflation may slow to 2.0% |
| 21 March 2006 | Broad-based acceleration in growth not yet apparent and core inflation remains modest, but ECB itching to raise rates again |
| 14 March 2006 | First output statistics for 2006 are mixed, German economy racing ahead but France and Italy hanging back |
| 7 March 2006 | With growth strengthening, ECB believes monetary policy remains accommodating and inflation risks have risen; rates set to rise further |
| 28 February 2006 | Confidence surveys suggest economy decisively out of low growth trajectory; ECB to move to neutral stance to contain run-away credit growth |
| 21 February 2006 | Prospects for faster growth in 2006 helped by more upbeat survey results, robust export outlook and upturn in corporate investment |
| 14 February 2006 | ECB rate hike in March virtually certain and expectations of further hikes by early 2007 have hardened despite disappointing growth results |
| 7 February 2006 | Firmer leading indicators and high energy prices appear to have convinced ECB of need to raise repo rate to 2.5% on 2 March |
| 31 January 2006 | Robust recovery in Germany foreshadowed by business and consumer surveys, may soon give euro zone decisive boost to 2%+ growth |
| 24 January 2006 | New peaks in industrial production and exports, spearheaded by capital goods; upward pressure on EUR may delay next ECB rate hike |
| 17 January 2006 | Investment shows signs of strength as ECB holds monetary policy stance; soaring commodity prices contrast with slowing wage rises |
| 10 January 2006 | PMI surveys suggest growth is gaining momentum and that capacity utilisation is high, implying need for greater investment |
| 13 December 2005 | Stronger data in Germany and Italy improve prospects for sound end to 2005 despite poorer results for France and weak consumer spending |
| 6 December 2005 | ECB policy still expansionary despite last week's rate hike; growth and inflation prospects probably preclude another hike in near term |
| 29 November 2005 | Growth losing momentum on subdued consumer spending; prospects for sub-2% inflation undermining ECB rational for rate hike |
| 22 November 2005 | ECB signals interest rate rise on 1 December, but says not start of tightening cycle and that policy will remain accommodative |
| 15 November 2005 | ECB aim to raise rates constrained by lack of evidence that inflationary tensions are intensifying and doubts about strength of recovery |
| 8 November 2005 | ECB toying with pre-emptive rate rise even though domestic inflationary pressures remain low and growth is moderate |
| 1 November 2005 | Prospect of ECB rate hike hardens as more growth indicators turn up, inflation remains high and money supply growth accelerates |
| 25 October 2005 | Larger than expected gains in industrial production and exports, coupled with upbeat surveys, suggest economy is gaining momentum |
| 18 October 2005 | Solid Q3 growth expected as Germany and Italy catch up; another poor week for bonds as Fed signals more rate hikes, ECB itching to follow suit |
| 11 October 2005 | Solid rise in service sector PMI reinforces positive leading indicators; some doubts about whether strength in exports will be sustained |
| 4 October 2005 | September indicators unexpectedly positive, but point to only modest acceleration in growth; flare up in inflation should prove temporary |
| 27 September 2005 | Foreign orders up sharply in July, may help sustain growth despite high oil price; temporary acceleration in inflation to 2.5% expected |
| 20 September 2005 | German political stalemate another obstacle to euro zone growth gaining momentum; EUR has fallen but bonds benefit |
| 13 September 2005 | Pessimism generated by hurricane Katrina recedes; growth not expected to weaken by much and US monetary policy to continue to tighten |
| 6 September 2005 | Recovery not written off but doubts deepen as oil prices scale new peaks and EUR firms; bond market prices in recession |
| 26 July 2005 | Prospects of modest export-led growth in H2 improves as EUR settles near USD1.20 and global economy shrugs off oil price rise |
| 19 July 2005 | Oil-driven pick-up in inflation further hardens ECB opposition to lower rates even though growth forecasts are still being scaled back |
| 12 July 2005 | Q2 GDP growth probably just 0.25%; Q3 prospects pinned on boost to exports from lower EUR and stronger global economy |
| 5 July 2005 | Acceleration in money supply growth may stiffen ECB opposition to rate cut despite absence of any signs of growth gaining momentum |
| 28 June 2005 | Slight improvement in leading indicators reduces likelihood of early ECB rate cut, but bond yields fall to new low |
| 22 June 2005 | ECB reportedly divided on need for interest rate cut; more data awaited before decision is made |
| 14 June 2005 | Upside EUR momentum appears decisively broken by prospect of further widening in interest rate gap and uncertain growth outlook |
| 7 June 2005 | Deepening concern about growth and rising unpopularity of European institutions bring first hint that ECB may cut interest rates |
| 1 June 2005 | ECB continues to stonewall demands for lower interest rates even as leading indicators slide lower still |
| 24 May 2005 | Core inflation slows to 1.4% and lower oil prices should bring headline inflation below 2%, reinforcing hopes of lower interest rates |
| 17 May 2005 | ECB under increasing pressure because of persistently weak growth, may be forced to cut interest rates in late summer |
| 10 May 2005 | Finance ministers may resort to reflationary measures as growth prospects weaken further and ECB feels unable to cut rates |
| 26 April 2005 | Leading indicators deteriorate again, point to further growth slowdown; weaker exports not offset by improving domestic demand |
| 19 April 2005 | Weaker activity data hits investor sentiment and boosts government debt; IMF urges ECB to keep open option of interest rate cut |
| 12 April 2005 | GDP growth in Q1 probably 0.3-0.4%, slightly higher than preceding two quarters; leading indicators signal renewed deceleration in Q2 |
| 5 April 2005 | Leading indicators decline for second successive month; may prompt major fiscal reflation following Stability Pact changes |
| 22 March 2005 | Proposed easing of Stability Pact may bring measures to lift economy out of rut; inflation to decline below 2% despite record oil prices |
| 15 March 2005 | Robust German output and exports suggest better start to 2005 for eurozone, but prospects uncertain with EUR again on uptrend |
| 8 March 2005 | Latest PMI surveys signal continuation of modest growth, forcing ECB to stick to accommodative monetary stance |
| 1 March 2005 | Hopes of stronger growth dashed by series of negative leading indicators, oil prices up again, EUR firmer; but acceleration in M3 |
| 22 February 2005 | Q4 GDP growth disappointing, but modest upturn in leading indicators raises hope that worst of slowdown is over |
| 15 February 2005 | Prospects for inflation to drop below 2% have hardened; consumer spending should benefit, ECB to keep rates on hold |
| 8 February 2005 | Global strength brightens eurozone outlook; domestic demand becalmed but should benefit from rapidly rising liquidity and slowing inflation |
| 2 February 2005 | Early 2005 indicators suggest growth sustained at moderate pace in spite of high oil prices and stronger EUR, but no acceleration in view |
| 25 January 2005 | Increasing concern about EUR strength as domestic demand remains too modest to take over from exports as driver of growth |
| 18 January 2005 | EUR appreciation halted for now as prospect of sustained rise in US rates offsets concern about still widening current account deficit |
| 11 January 2005 | Indicators point to continued sluggish growth; prospect of lower inflation should ensure that ECB remains on hold |
| 14 December 2004 | Growth revised down on EUR appreciation, inflation also revised down as oil price tumbles; ECB may stay on hold in 2005 |
| 7 December 2004 | Concern about USD weakness mounts as PMI surveys point to near stagnation in manufacturing and slower growth in services |
| 30 November 2004 | Leading indicators in retreat suggest slower growth ahead; more calls for ECB intervention to halt EUR appreciation |
| 23 November 2004 | Fears of further EUR appreciation undermining confidence that growth next year will be sustained at 2004 pace |
| 16 November 2004 | Meagre growth, strong EUR and lower oil prices banish all thoughts of ECB rate hike in near term |
| 9 November 2004 | Renewed upward pressure on EUR on fears that reinforced Bush administration will neglect twin deficits and go for growth |
| 2 November 2004 | Consumer confidence beginning to wilt because of high oil price and failure of employment to improve; business remains upbeat so far |
| 26 October 2004 | Leading indicators point to loss of momentum but no serious slowdown in growth; strong EUR further delays possible ECB rate hike |
| 19 October 2004 | GDP growth forecasts being revised down as oil price remains high and activity indicators disappoint; temporary dip in inflation |
| 12 October 2004 | Weak German indicators and persistently high oil price undermine hopes of growth being sustained at 2.2% seen in H1 2004 |
| 5 October 2004 | Surveys inspire some optimism about growth outlook; inflation remains surprisingly docile, allowing ECB to stick to current policy stance |
| 28 September 2004 | Leading indicators suggest only modest impact from high oil prices; but less robust exports indicate moderation in world economic growth |
| 21 September 2004 | ECB restates belief that eurozone growth will strengthen further in 2005 while inflation falls below 2%; interest rates remain on hold |
| 14 September 2004 | Partial indicators suggest good start to Q3, with stronger industrial production and exports, but domestic demand remains languid |
| 7 September 2004 | PMI surveys confirm that economy continues to grow, but at slower pace; inflation remains unthreatening, ECB signals stable interest rates |
| 1 September 2004 | No sign yet that high oil price has derailed recovery, but outlook more uncertain; ECB to maintain current policy stance |
| 27 July 2004 | Leading indicators point to stronger growth, seemingly untroubled by sustained rise in energy prices; early ECB rate rise slightly less unlikely |
| 20 July 2004 | Marked rise in industrial production in May to be followed by more moderate growth in H2, with inflation remaining at or above 2.5% |
| 13 July 2004 | Surging German exports suggest eurozone GDP growth in Q2 may be close to unexpectedly strong 0.6% in Q1 |
| 6 July 2004 | Surveys suggest moderate growth but no sign of impending acceleration; monetary policy to remain on hold despite above-target inflation |
| 29 June 2004 | Recent oil price decline should push inflation below 2% in early 2005 and should encourage domestic demand, which remains lacklustre |
| 22 June 2004 | Rising industrial production and surging exports confirm recovery being sustained; modest wage rises suggest inflation could fall below 2% |
| 15 June 2004 | Stronger growth, above target inflation and rising interest rates elsewhere may lead ECB to adopt tightening bias |
| 8 June 2004 | Surveys suggest moderate growth sustained, no impact from high oil prices on business confidence; but consumer confidence weaker, inflationary pressures rising |
| 25 May 2004 | Sustained growth not yet assured as consumer confidence remains brittle and with inflation poised to exceed 2.0%; exports still struggling |
| 18 May 2004 | Unexpectedly strong Q1 GDP growth partly due to special factors and may not be sustained in face of soaring oil prices |
| 11 May 2004 | Money market rates in futures market rise substantially as higher inflation ends all hopes of ECB rate cut |
| 4 May 2004 | Widespread rise in leading indicators provides convincing evidence that economy is finally gaining momentum on back of exports |
| 27 April 2004 | Unexpectedly steep increase in Ifo and NBB leading indicators suggest that Q2 growth may be stronger than meagre Q1 result expected |
| 20 April 2004 | Industrial production remains lacklustre but EC and ECB maintain that recovery is on track; no policy stimulus in view |
| 6 April 2004 | ECB leaves door open for rate cut in months ahead if growth fails to improve; more calls for fiscal boost |
| 30 March 2004 | ECB begins to acknowledge that interest rate cut may be necessary to sustain recovery |
| 23 March 2004 | Recovery has clearly lost momentum; speculation about ECB rate cut boosting bond market and restraining EUR |
| 16 March 2004 | Industrial production edges lower, mood becomes more pessimistic; Madrid bombings add to uncertainty |
| 9 March 2004 | Recovery appears to be losing momentum, but as yet ECB sees no need for monetary boost |
| 2 March 2004 | ECB expected to withstand political pressure and not cut rates despite disappointing growth and slowing inflation and money supply growth |
| 24 February 2004 | Industrial production and exports indicate little upward momentum in eurozone economy; inflation expected to fall below 2% |
| 17 February 2004 | ECB intervention suspected to prevent renewed EUR rise; Q4 GDP results below expectations, prospects for current quarter uncertain |
| 10 February 2004 | GDP growth forecasts revised higher despite weaknesses; G7 lacks bite to ensure EUR stability, ECB may still have to intervene |
| 3 February 2004 | Business confidence improves, but consumers remain reticent and profit margins under pressure, leaving economy in low growth trajectory |
| 27 January 2004 | Early business surveys for 2004 suggest economy coping reasonably well with EUR appreciation; no interest rate cut in imminent |
| 20 January 2004 | EUR volatility casts even more uncertainty over growth outlook; ECB signals readiness to act should it appreciate much further |
| 13 January 2004 | Cracks in recovery appear as retail sector confidence sags after weak pre-Christmas spending; EUR strength of concern but no policy response |
| 6 January 2004 | Business remains confident despite weak consumer spending and appreciating euro; ECB monetary policy to remain on hold for now |
| 16 December 2003 | EUR at new peak, a tightening of monetary policy that ECB is unlikely to neutralise by lowering interest rates |
| 9 December 2003 | More robust activity data confirm return to growth, but consumer confidence still weak and EUR rise could go too far for comfort |
| 2 December 2003 | Leading indicators suggest recovery gathering pace, spearheaded by services; but employment still in retreat and consumer confidence subdued |
| 25 November 2003 | Against background of sustained global economic growth, further EUR rise would only modestly dampen growth prospects |
| 18 November 2003 | GDP rebounds unexpectedly strongly in Q3 thanks to rising exports, but industrial production weakens |
| 11 November 2003 | Marked recovery in services boosts recovery hopes; Trichet stresses continuity, monetary policy remains in neutral |
| 4 November 2003 | Survey results for October suggest clear recovery in growth under way; employment and consumer confidence remain weak spots |
| 28 October 2003 | Progress in structural reforms too timid to bring major improvement in eurozone growth outlook for 2004 |
| 21 October 2003 | Strength of world economy remains main hope for eurozone growth revival; expectation of rising interest rates hardens |
| 14 October 2003 | Bank of France governor Trichet about to become ECB president, expected to steer conservative monetary course |
| 7 October 2003 | EUR strength seemingly entrenched in market thinking, supported by ECB stating that USD decline is unavoidable and unstoppable |
| 1 October 2003 | Soaring EUR again undermines recovery hopes; ECB forced to reconsider its neutral monetary policy |
| 23 September 2003 | Eurozone recovery will be held back if EUR appreciation goes much further, but faster decline in inflation could bring more rate cuts |
| 16 September 2003 | Facing modest economic recovery prospects, EC appears ready to accept excessive budget deficits from France, Germany and possibly Italy |
| 9 September 2003 | Return of modest growth looks assured and prospects of another rate cut recede; major clash looming over Stability and Growth Pact |
| 2 September 2003 | Upturn in leading indicators signals end to prolonged period of stagnation, but growth expected to remain subdued |
| 29 July 2003 | Initial signs that eurozone economy still lacking forward momentum in Q3; rising fresh food prices temporarily driving inflation above 2% |
| 22 July 2003 | Fall in industrial production and exports suggest Q2 GDP decline; but German expectations and tax receipts may signal better start to H2 |
| 15 July 2003 | ECB insists it has done enough to encourage growth revival but indicators still weak; at least one more rate cut may be unavoidable |
| 8 July 2003 | PMI surveys show eurozone economy ended Q2 on downbeat note, mostly blamed on stronger EUR undermining export orders |
| 1 July 2003 | Mixed indicators prolong uncertainty about timing of recovery; Germany and Italy may follow France in resorting to tax cuts |
| 24 June 2003 | Modest fiscal stimulus expected to help recovery chances as ECB hangs back on more rate cuts, demanding structural reforms |
| 17 June 2003 | Major infrastructure investment proposals will take time to boost growth even if speedily approved |
| 10 June 2003 | After latest monetary easing, fiscal boost before year-end is increasingly possible to help sagging economy |
| 3 June 2003 | May business and consumer surveys confound hopes of early recovery, but with inflation now below 2% interest rates are set to fall |
| 27 May 2003 | ECB rate cut on 5 June virtually certain with inflation poised to fall below 2% and appreciating EUR hitting recovery hopes |
| 20 May 2003 | Pressure for ECB rate cut intensifies as zero growth reported for Q1 and euro appreciation is sustained |
| 13 May 2003 | Combination of rising stock and bond markets suggests financial markets now banking on moderate non-inflationary growth later this year |
| 7 May 2003 | EUR surge will further undermine already weak growth in short term; rapid fall in inflation and interest rates increasingly likely |
| 29 April 2003 | Business sentiment worsens in April and prospects of early resumption of growth recede again; ECB may cut rates in June |
| 15 April 2003 | Lifting of war cloud and cheaper energy have improved longer term growth outlook, but sluggishness will persist to mid-year at least |
| 8 April 2003 | Indicators deteriorate again, raising doubts about post-war recovery; slide in oil price widens scope for steep deceleration in inflation |
| 1 April 2003 | Recession looming as pre-war growth indicators turn down; prolonged conflict to undermine morale further |
| 25 March 2003 | Initial response of financial markets to onset of war may prove misplaced; outlook for growth remains sombre but inflation is now slowing |
| 18 March 2003 | Hopes of short military campaign in Iraq have boosted stock markets and undermined EUR, but growth prospects remain subdued |
| 11 March 2003 | Last week's feeble set of growth indicators and resumed uptrend in EUR point to another ECB rate cut soon |
| 4 March 2003 | Leading indicators foreshadow neither recovery nor recession; tepid growth to persist, probably prompting ECB rate cut on Thursday |
| 25 February 2003 | Duisenberg highlights weak growth and easing inflationary pressures, implies ECB may cut rates on 6 March |
| 18 February 2003 | Steep decline in December industrial production probably exaggerated by seasonal factors but may encourage ECB to cut rates soon |
| 11 February 2003 | Steep deterioration in German activity indicators suggests that worst for eurozone economy may still lie ahead |
| 4 February 2003 | Business confidence holding up but consumer confidence increasingly undermined by war fears and rising unemployment |
| 28 January 2003 | Threat of war undermines already very modest growth prospects; higher oil price delays decline in inflation and interest rate cut |
| 21 January 2003 | Growth outlook remains subdued for H1 but sustained recovery then possible if Middle East uncertainties, and hence oil prices, have eased |
| 14 January 2003 | Growth virtually flat, no prospect of near term acceleration; strength of euro sustained, suggesting faster fall in inflation and more interest rate cuts |
| 7 January 2003 | Growth prospects deteriorate further but stronger euro improves inflation outlook and should facilitate another ECB rate cut soon |
| 17 December 2002 | 2002: a blighted year for eurozone but rise in unemployment contained so far, inflation tame; bonds and euro shine |
| 11 December 2002 | German weakness overshadows some improvement in growth elsewhere in eurozone; EUR benefits from Asian central bank deposits |
| 3 December 2002 | Modest improvement in business climate may be boosted by imminent ECB rate cut; but German consumer confidence plunges |
| 26 November 2002 | Underlying Q3 growth in eurozone slows to 1% from 1.5% in H1; gloom deepens as German government's response seen as inappropriate |
| 19 November 2002 | Growth prospects poor for now but improving for later in 2003 as oil price and war risk recede, monetary policy to ease soon |
| 12 November 2002 | Growth environment weakens further but prospects for cheaper oil improve; ECB near certain to cut rates on 5 December, possibly by 50 basis points |
| 5 November 2002 | Slight improvement in industrial activity more than offset by deterioration in services; increasing probability of ECB rate cut before year-end |
| 30 October 2002 | Q4 growth prospects soften further, recovery in stock markets stalls on negative corporate news; Germany plans restrictive 2003 budget |
| 22 October 2002 | Stock market recovery undermines hopes of lower rates despite slow growth; France and Germany pressing for looser fiscal policy/lower interest rates |
| 15 October 2002 | Fiscal policy more supportive as weak stock markets fan fears of recession; ECB gives no hint of lowering interest rates |
| 8 October 2002 | Growth indicators mostly negative but some bright spots; ECB still reluctant to cut rates despite worrying decline in stock markets |
| 1 October 2002 | Leading indicators decline by less than feared; EC extends time limit for balancing budgets but tightens fiscal rules in other ways |
| 24 September 2002 | Growth outlook deteriorates as industrial production and exports decline; high oil price keeps inflation above 2%, deferring ECB rate cut |
| 17 September 2002 | Mediocre growth outlook further unsettled by possibility of military conflict in Middle East and fear of higher oil prices |
| 10 September 2002 | Growth outlook deteriorates further, but high oil price keeping inflation above 2% and deterring ECB from reducing interest rates |
| 3 September 2002 | Manufacturing growth near standstill, employment worsening and budget deficits soaring; Stability & Growth Pact doomed in present form |
| 27 August 2002 | Growth mediocre and inflation stabilising around 2%; monetary policy to remain in neutral |
| 30 July 2002 | Recovery momentum slows sharply, undermining hopes of robust H2 growth; upstream prices moderating but CPI above 2% in July-August |
| 23 July 2002 | Activity still sluggish but prospects for lasting fall in inflation below 2% have improved considerably; early rate hike by ECB virtually ruled out |
| 16 July 2002 | Growth indicators again predominantly negative, suggesting no acceleration from sluggish pace; slump in stock markets adding to gloom |
| 9 July 2002 | June business and consumer confidence surveys confirm sluggish economy; new car registrations plunge 10%; producer prices fall |
| 2 July 2002 | Leading indicators suggest modest growth and no sign of acceleration; rising euro improves inflation outlook, averts need for rate hike |
| 25 June 2002 | Sluggish industrial production and exports mean weak start to Q2; lower oil price, stronger euro and weaker stock markets undermine case for rate hike |
| 18 June 2002 | Growth indicators mixed, activity strengthening in France and Spain, sluggish in Germany and Italy; more ECB warnings of interest rate hike |
| 7 June 2002 | Survey data suggest economy has not yet moved up a gear; rise in euro improves inflation outlook and may forestall ECB rate hike |
| 28 May 2002 | Early results point to significant deceleration in May eurozone inflation, but sustained decline below 2% remains unlikely this year |
| 22 May 2002 | Modest advance in eurozone GDP restraining ECB from raising interest rates; stronger EUR improves inflation outlook for 2003 |
| 14 May 2002 | Even though inflation may not fall decisively below 2%, weak activity may dissuade ECB from raising interest rates |
| 8 May 2002 | Growth indicators mediocre and durable return to sub 2% inflation requires euro appreciation goes much further |
| 30 April 2002 | Growth signals mixed; hopes of US-led recovery dented by weakness in some US activity indicators |
| 23 April 2002 | Industrial production and exports stabilise after Q4 decline; core inflation to remain around 2.5%; euro stages modest recovery |
| 16 April 2002 | Hesitant consumer demand and weak corporate investment; inflation may still fall below 2% in May; ECB remains on hold |
| 9 April 2002 | Leading indicators strengthen further but consumer spending subdued, corporate investment and employment plans on hold |
| 26 March 2002 | Expectations of recovery mount, but only partially confirmed by indicators; inflation may fall below 2% in April |
| 19 March 2002 | Recovery in industrial production under way but consumer spending remains subdued; inflation back on decelerating path |
| 12 March 2002 | Domestic growth indicators show little upward momentum, but US recovery to boost exports |
| 5 March 2002 | Indicators suggest economy has stabilised at low level; recovery hopes boosted by strong US data |
| 26 February 2002 | Growth indicators mixed, only partially supporting contention that worst is over |
| 19 February 2002 | Business leaders and associations sceptical about early recovery; new car registrations slip in January |
| 12 February 2002 | Growth prospects uncertain despite improved business confidence; inflation to accelerate sharply in January |
| 5 February 2002 | Business surveys reveal less pessimism but do not yet indicate recovery in growth |
| 29 January 2002 | Mild improvement in growth outlook and expected acceleration in January inflation to keep ECB on hold |
| 22 January 2002 | Bleak end to 2001, recovery prospects uncertain with risks skewed to the downside |
| 15 January 2002 | Leading indicators rise modestly but German economy still deteriorating |
| 8 January 2002 | Downtrend in growth still in place; rise in inflation in January before rate then plunges below 2% |
| 1 January 2002 | Leading indicators decline by less than feared; EC extends time limit for balancing budgets but tightens fiscal rules in other ways |
| 18 December 2001 | Industrial production sliding, ECB revises growth and inflation forecasts sharply lower |
| 11 December 2001 | Broad deterioration in business and consumer confidence; inflationary pressures fade |
| 4 December 2001 | ECB unlikely to cut rates again this year, even though indicators point to steep decline in Q4 GDP |
| 27 November 2001 | GDP to show negligible growth in Q3, leading indicators foreshadow possible steep decline in Q4 |
| 20 November 2001 | Industrial production down again, very modest Q3 GDP growth now expected |
| 13 November 2001 | Recession spreads to service sector with Germany hardest hit; prospects for sharply lower inflation remain in spite of threat of cutbacks in oil output |
| 6 November 2001 | Recession in industry deepens, pointing to interest rate cut |
| 30 October 2001 | Weekly Report |
| 23 October 2001 | Weekly Report |
| 16 October 2001 | Weekly Report |
| 9 October 2001 | Weekly Report |
| 2 October 2001 | EURO XII WEEKLY REPORT |
| 25 September 2001 | Euro XII Weekly Report |
| 18 September 2001 | Euro XII report |
| 11 September 2001 | Weekly Euro XII Report |
| 4 September 2001 | Euro XII weekly report |
| 29 August 2001 | Euro XII Report |
| 24 July 2001 | Euro XII Report |
| 17 July 2001 | Euro XII Report |
| 10 July 2001 | null |
| 3 July 2001 | Hilfe Weekly Euro XII Report |
| 26 June 2001 | null |
| 19 June 2001 | null |
| 12 June 2001 | Weekly Report. |
| 6 June 2001 | HILFE EURO XII REPORT |
| 22 May 2001 | WEEKLY REPORT |
| 9 May 2001 | WEEKLY REPORT |
| 1 May 2001 | WEEKLY REPORT |
| 23 April 2001 | Hilfe Euro XII Weekly Report |
| 17 April 2001 | Hilfe Euro XII Weekly Report |
| 9 April 2001 | Hilfe Euro XII Weekly Report |
| 2 April 2001 | Hilfe Euro XII Weekly Report |
| 26 March 2001 | Hilfe Euro XII Weekly Report |
| 20 March 2001 | Hilfe Euro XII Weekly Report |
| 12 March 2001 | Hilfe Euro XII Weekly Report |
| 5 March 2001 | Hilfe Euro XII Weekly Report |
| 27 February 2001 | Hilfe Euro XII Weekly Report |
| 19 February 2001 | Hilfe Euro XII Weekly Report |
| 12 February 2001 | Hilfe Euro XII Weekly Report |
| 5 February 2001 | Hilfe Euro XII Weekly Report |
| 29 January 2001 | Hilfe Euro XII Weekly Report |
| 22 January 2001 | Hilfe Euro XII Weekly Report |
| 15 January 2001 | Hilfe Euro XII Weekly Report |
| 8 January 2001 | Hilfe Euro XII Weekly Report |
| 1 January 2001 | Recession spreads to service sector with Germany hardest hit; prospects for sharply lower inflation remain in spite of threat of cutbacks in oil output |
| 11 December 2000 | Hilfe Euro XI Weekly Report |
| 4 December 2000 | Hilfe Euro XI Weekly Report |
| 27 November 2000 | Hilfe Euro XI Weekly Report |
| 20 November 2000 | Hilfe Euro XI Weekly Report |
| 13 November 2000 | Hilfe Euro XI Weekly Report |
| 6 November 2000 | Hilfe Euro XI Weekly Report |
| 30 October 2000 | Hilfe Euro XI Weekly Report |
| 23 October 2000 | Hilfe Euro XI Weekly Report |
| 16 October 2000 | Hilfe Euro XI Weekly Report |
| 9 October 2000 | Hilfe Euro XI Weekly Report |
| 2 October 2000 | Hilfe Euro XI Weekly Report |
| 26 September 2000 | Hilfe Euro XI Weekly Report |
| 18 September 2000 | Hilfe Euro XI Weekly Report |
| 11 September 2000 | Hilfe Euro XI Weekly Report |
| 5 September 2000 | Hilfe Euro XI Weekly Report |
| 29 August 2000 | Hilfe Euro XI Weekly Report |
| 21 August 2000 | Hilfe Euro XI Weekly Report |
| 14 August 2000 | Hilfe Euro XI Weekly Report |
| 26 June 2000 | Hilfe Euro XI Weekly Report |
| 13 June 2000 | Hilfe Euro XI Weekly Report |
| 31 May 2000 | Hilfe Euro XI Weekly Report |
| 15 May 2000 | Hilfe Euro XI Weekly Report |
| 2 May 2000 | Hilfe Euro XI Weekly Report |
| 18 April 2000 | Hilfe Euro XI Weekly Report |
| 10 April 2000 | Hilfe Euro XI Weekly Report |
| 5 April 2000 | Hilfe Euro XI Weekly Report |
| 27 March 2000 | Hilfe Euro XI Weekly Report |
| 20 March 2000 | Hilfe Euro XI Weekly Report |
| 9 March 2000 | Hilfe Euro XI Weekly Report |
| 21 February 2000 | Hilfe Euro XI Weekly Report |
| 14 February 2000 | Hilfe Euro XI Weekly Report |
| 7 February 2000 | Hilfe Euro XI Weekly Report |
| 28 January 2000 | Hilfe Euro XI Weekly Report |
| 17 January 2000 | Hilfe Euro XI Weekly Report |
