RaboResearch - Economisch Onderzoek

Conjunctuurbeeld

Italy: Recession, there we go again (Engelstalig)

In 14Q2, GDP volume contracted, again. Deflation may support consumption going forward, but lower consumer confidence and high unemployment temper expectations. For fixed investment, headwinds outpace tailwinds, so a firm recovery is unlikely.

Landenrapport

Country Report Denmark (Engelstalig)

The economic outlook is improving, public and external balance sheets are healthy, and institutions strong. Denmark’s banking system has become more stable, though large dependence on wholesale funding does pose risks. But, the main source of concern is the very high household debt.

Landenrapport

Country Report Italy (Engelstalig)

Italy’s recession has come to an end, but the crisis continues. Though, household financial wealth has remained high and the political situation seems to have improved a bit; yet words still have to be turned into action. Besides, weak institutions and large public debt remain a major issue.

Landenrapport

Country Report Norway (Engelstalig)

The economic outlook is stable, public and external balance sheets are exceptionally healthy, insti-tutions strong and policymaking is adequate and effective. But, Norway has to deal with very high household debt alongside overvalued houses and is dependent on oil and gas (related) production.

Landenrapport

Country Report Finland (Engelstalig)

Finland has to deal with a weak economic outlook, waning export sectors, a rapidly ageing population and private sector debt. That said, its public finances and banking system are solid, institutions are strong and the business sector is competitive.

Landenrapport

Country Report Singapore (Engelstalig)

Strong institutions and effective policymaking support (potential) GDP growth, while the state’s small size and ageing pose challenges. Healthy balance sheets across the board and a solid international creditor position reduces Singapore’s susceptibility to shocks and financial crises.