RaboResearch - Economisch Onderzoek

Landenrapport

Hungary (Country update) (Engelstalig)

Hungary’s economic situation continues to deteriorate with alarming speed. While the ongoing eurozone crisis puts pressure on Hungary’s economy, the government continues to spook investors.

Landenrapport

Romania (Country report) (Engelstalig)

Romania’s economy was severely impacted by the global crisis and only started to recover last year, reporting a 2% growth rate. We expect growth to slow in light of the eurozone recession and deleveraging by eurozone banks.

Economisch commentaar

Nederland in recessie

De Nederlandse economie is in het vierde kwartaal van 2011 in een recessie beland. Toch is dit geen reden om bij de pakken neer te gaan zitten. Naar verwachting trekt de economie in de loop van 2012 weer aan.

Economisch commentaar

Eurozone terug in het rood (Macro Comment)

Het Bruto Binnenlands Product (BBP) van de eurozone kromp in 11K4 met 0,3% k-o-k. Gezien het zwakke sentiment en de daling van de industriële productie, komt de BBP-krimp niet als een verrassing.

Landenrapport

India (Country report) (Engelstalig)

Economic growth in India is expected to fall below the ‘magic’ 7% in fiscal year 2011/12. Five state elections are planned for 2012, which will give more information on the popularity of the government.

Landenrapport

Malaysia (Country report) (Engelstalig)

Being one of the most open countries in Asia, Malaysia is sensitive to swings in external demand. Demand for Malaysia’s electronics is expected to be weaker in 2012, but a rise of oil and gas prices would benefit Malaysia as a net energy exporter.

Economisch commentaar

The Bank of England unleashes QE2.1 (Engelstalig)

The Bank of England extended QE2, in line with our expectation. This may mark the end of the Bank’s easing cycle unless the economy weakens substantially going forward.

Economisch commentaar

Maastricht Treaty turned 20, hooray? (Engelstalig)

The 20th anniversary of the Maastricht Treaty went largely unnoticed due to the euro crisis. Now the officials have come up with stricter fiscal rules to avoid a repeat of this crisis. Only time will tell whether the taken steps are sufficient.

Economisch commentaar

Nederland weer even de beste (Macro Comment)

Nederland was weer even het beste jongetje van de klas. Afgelopen tijd werd soms met scheve ogen naar onze oosterburen gekeken. De Duitse economie groeide harder dan de Nederlandse. Maar nu zijn de rollen omgekeerd.

Economisch commentaar

Dutch pension cuts imminent (Macro Comment) (Engelstalig)

Three of the largest Dutch pension funds have recently announced that pay-out cuts are imminent. The reasons are insufficient recovery of financial markets, low interest rates and increasing life expectancy.