RaboResearch - Economisch Onderzoek

Conjunctuurbeeld

Russia: Economic slowdown continues (Engelstalig)

Russia’s economic activity has continued to slow in 13Q3 and we expect growth in 2013 as a whole to be around 1.5%. The economic slowdown is starting to adversely impact public finances. The central bank has left rates on hold for now, despite falling inflation.

Conjunctuurbeeld

Brazil: Economy contracts in third quarter 2013 (Engelstalig)

The third quarter was disappointing for Brazil, as GDP contracted for the first time since 2009 on a quarterly basis. Growth in the coming quarters is likely to be somewhat stronger, but leading indicators suggest that momentum remains rather weak.

Conjunctuurbeeld

Italy: Arrivederci recessione?! (Engelstalig)

GDP growth stagnated in 13Q3. One cannot talk of a start of economic recovery yet, though. The contribution of domestic demand was negative and there are still significant headwinds. On a positive note, policy uncertainty might fall going forward.

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Te mooi om waar te zijn

Een belangrijke les van de mondiale financiële crisis van 2008 is dat de kapitaalbuffers van banken fors moeten worden verstevigd. De strengere eisen aan de risico-gewogen kapitaalratio van het Bazels Comité –Bazel III– voorzien hierin.

Conjunctuurbeeld

Spain: Basta recesión! (Engelstalig)

Spanish GDP rose in 13Q3, after nine quarterly contractions in a row. Although positive, we do not expect a quick recovery on the labour market. Based on the Budget 2014, the fiscal effort will be slightly less than in preceding years.