RaboResearch - Economisch Onderzoek


De gevolgen van de terugkeer van de annuïteitenhypotheek

De fiscale hervorming vanaf 2013 beperkt de keuzevrijheid van hypotheekvormen. Dit heeft consequenties voor of de hoogte van de hypotheeksom of de netto hypotheeklasten en de flexibiliteit in het opvangen van schokken in inkomen en rente.


Country Report Hungary (Engelstalig)

Thanks to a policy-induced rebound of domestic demand and solid exports, Hungary exited recession last year while keeping its budget deficit below 3% of GDP. Yet, sustainability concerns remain, as unorthodox policies will likely continue beyond the parliamentary elections in April.


Country Report Latvia (Engelstalig)

Following a period of strict fiscal consolidation and economic rebalancing, Latvia joined the euro area in 2014. Its economy continues to rebound strongly from a very deep recession in 2009 despite tight local credit conditions and weak external demand.


Germany: die ‘Exportweltmeister’ (Engelstalig)

The German economy posted a solid growth figure in the final quarter of 2013. Unexpectedly, it was almost fully driven by exports. For the current year, we expect German growth to be supported by both exports and domestic demand.


Country Report Poland (Engelstalig)

Poland’s economy regained steam in the second half of 2013, as domestic demand gradually picked up. Yet, depending on the decision of the Constitutional Court on a major pension reform, growth could be dampened by additional fiscal austerity measures.


France: Consumption driven recovery (Engelstalig)

Recent data show that the economic recovery remains in place, albeit very gradual. Ongoing real wage growth will make sure that household consumption –once again- will remain an important driver of GDP growth this year.


Spain: Growing while rebalancing (Engelstalig)

Recent data show that the gradual recovery of the Spanish economy will continue going forward. In addition, ongoing export growth and muted wage pressure indicate that the much needed rebalancing process is still on track.