RaboResearch - Economisch Onderzoek

Landenrapport

Country Report Portugal (Engelstalig)

Portugal has made considerable progress regarding the implementation of structural reforms and safeguarding financial stability. However, the high short-term socioeconomic costs have increased political instability, which might weigh on support for further reforms.

Landenrapport

Country Report Spain (Engelstalig)

The short term pain of the macroeconomic rebalancing process is clearly weighing on the political support to continue with necessary reforms. Without a more vigorous cleanup of the banking sector, it will remain a large drag on the recovery going forward.

Landenrapport

Country Report Italy (Engelstalig)

Italy has to deal with a severe crisis and large public debt stock. Non-performing loans in the banking sector are on the rise, while government bond yields are vulnerable to political instability. Given large debt dynamics, Italy should improve its potential growth rate to ensure debt sustainability.

Themabericht

Sneller mondiaal economisch herstel: herbalancering en handelsliberalisering

Sinds de crisis richt beleid veelal op lopende rekeningtekortreductie, zonder daarbij in protectionisme te vervallen. Er wordt zelfs over baanbrekende handelsliberalisering onderhandeld die een bescheiden, maar welkome economische impuls kan leveren.

Themabericht

Schalierevolutie in macro-economische context

Schaliegaswinning vormt een positieve aanbodschok voor de Amerikaanse economie en geeft haar een welkome zet in de rug. Schalie-oliewinning draagt mondiaal bij aan minder hoge olieprijzen en heeft een bescheiden, maar positieve invloed op de economieën van olie-importerende landen.

Themabericht

Outlook 2014 - United Kingdom (Engelstalig)

There are signs that UK’s economic activity is gathering momentum. But the recovery is not on a solid footing yet and, therefore, needs to be nurtured.

Themabericht

Outlook 2014 - Eurozone (Engelstalig)

The eurozone economy seems to have entered a phase of modest recovery. But, worrisome public finances, limited investment demand and tight credit conditions continue to hamper growth. Current problems are unlikely to be solved by a banking union.

Themabericht

Outlook 2014 - China: balancing reforms and growth (Engelstalig)

After an ambitious start, China’s new leadership seems to have eased back on its reform drive. Maintaining a sufficiently strong growth rate is still the priority. For 2014, this implies only incremental reforms and a growth rate of around 7¼%.

Landenrapport

Country Report Slovenia (Engelstalig)

Slovenia has taken further steps to tackle its banking crisis, but progress has been delayed by an extensive asset quality review that is yet to reveal the true scale of the problem. Depending on the outcome, an EU-led bailout may be needed soon.

Landenrapport

Country Report Indonesia (Engelstalig)

The third free presidential elections in Indonesia’s history (1H2014) will bring a new president into office, as Yudhoyono is barred from participating after completing two terms. There is no clear favorite, increasing policy uncertainty. Also, the external position is weakening.

Landenrapport

Country Report Taiwan (Engelstalig)

Due to a weak external environment, Taiwan’s economy has been performing weakly, but a slight growth acceleration is expected. Political infighting in the ruling KMT party has weakened the president’s position and will hamper policy implementation.