Conjunctuurbeeld
Impact of tapering on emerging markets (Engelstalig)
In this Economic Update we take a closer look at the impact of the gradual slowing down of the rate of asset purchases by the US Federal Reserve (Fed) on the emerging markets.
Conjunctuurbeeld
In this Economic Update we take a closer look at the impact of the gradual slowing down of the rate of asset purchases by the US Federal Reserve (Fed) on the emerging markets.
Conjunctuurbeeld
The economic recovery carries on as growth of domestic demand increases. Fiscal policy will be less distortive next year and inflation remains low. However, high unemployment and also wage moderation still limit private consumption growth.
Conjunctuurbeeld
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
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
We are finally seeing some positive news in the Indian economy, but the recovery remains fragile.
Conjunctuurbeeld
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.
Conjunctuurbeeld
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.