RaboResearch - Economisch Onderzoek

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Mexico (Country report) (Engelstalig)

The Mexican economy recovered strongly from the global economic crisis, posting 5.5% real economic growth last year. Benefitting from Mexico’s strong trade linkages with the US, exports initially drove the recovery, while domestic demand remained relatively tempered due to sluggish real wage growth, lower remittances from the US and remaining spare capacity.


United Kingdom (Country report) (Engelstalig)

The UK economic recovery is struggling amid the harsh fiscal squeeze. A significant slowdown in the pace of recovery, which will possibly have adverse spill-over effects to the banking sector, is a major risk, in our view.


United States of America (Country report) (Engelstalig)

The US economic recovery is expected to continue this and next year, but is very dependent on continued fiscal and monetary stimulus. As a result of the further fiscal stimulus, the budget deficit is set to increase this year relative to 2010.


Uruguay (Country report) (Engelstalig)

Uruguay’s economy grew rapidly in 2010, fuelled by both domestic and external demand. There is now some overheating risk, as inflation has increased above target in early 2011, while unemployment has reached historically low levels.


Portugal (Country report) (Engelstalig)

The Portuguese economy is heading back to recession. After the fall of the government and with serious upward revisions to the public deficit and debt numbers, financial markets lost further confidence, pushing up the interest rate on government bonds to unsustainable levels.


Switzerland (Country report) (Engelstalig)

The Swiss economy is on the path to recovery owing to expansionary monetary and fiscal policies combined with a quick rebound in world trade. That said, a further strengthening of the Swiss franc can pose significant challenges for exporters and monetary policymakers alike.