The ECB's unexpectedly hawkish shift tone prompted a sizeable market reaction, with Italian 10-year bond yields rising 55bps, to 1.95%. However, we...
Nicola Nobile
Recent Posts
Eurozone weekly economic briefing | Strong January inflation brings swift ECB hawkish shift
Posted by Nicola Nobile on Feb 4, 2022
January inflation surprised on the upside, with the headline rate up to 5.1%, the highest since the 1990s. And while the energy component rose over...
Eurozone | Industry offering some hope for a better year ahead
Posted by Nicola Nobile on Jan 17, 2022
Strong industrial production numbers for November offer some hope that the worst is over, supporting our view of a gradual resolution of supply-side...
Eurozone weekly economic briefing | Gloomy outlook just before Christmas
Posted by Nicola Nobile on Dec 23, 2021
The spread of Omicron across Europe coupled with the holiday season will probably result in a surge in infections over the next few weeks. This will...
Eurozone | Recovery Tracker highlights the Eurozone gloom
Posted by Nicola Nobile on Nov 23, 2021
Our Eurozone Recovery Tracker recorded a sizeable drop over the two weeks to November 7, mainly driven by worsening conditions in health and...
Eurozone weekly economic briefing | Rising Covid cases in the eurozone – the tide has turned
Posted by Nicola Nobile on Nov 19, 2021
As Covid cases continue to rise in Europe, some governments have started to introduce new restrictions, while others have been discussing potential...
Italy | Draghi effect cannot last forever
Posted by Nicola Nobile on Nov 5, 2021
We remain sceptical that Draghi’s reform agenda will be fully delivered and consider a long-term improvement in Italy’s economic prospects as an...
Eurozone weekly economic briefing | GDP surprised on the upside
Posted by Nicola Nobile on Oct 29, 2021
GDP for the eurozone surprised on the upside in Q3 with growth of 2.2% q/q, slightly up from Q2. The surprise came mainly from France and Italy,...
Italy | A “dolce vita” revival is still too early to call
Posted by Nicola Nobile on Mar 5, 2021
According to our analysis, reforms planned by Italy’s new Prime Minister Mario Draghi could reverse some of the lacklustre growth and debt...
Italy | A government crisis in the middle of a pandemic
Posted by Nicola Nobile on Jan 13, 2021
The current Conte government looks very likely to end soon, as previous PM Renzi will withdraw his support over the next few hours. At this stage,...