Conjunctuurbeeld
Italy started the year on a weak footing, but the outlook has been brightening over the past weeks. The economy is opening up and activity has been rapidly gaining speed. We forecast the economy to be back at its pre-COVID level in 2023Q1.
Conjunctuurbeeld
In dit conjunctuurbeeld geven we duiding aan de recent uitgekomen cijfers van de Nederlandse economie. We zien dat de economie langzaam opkrabbelt uit de coronacrisis.
Conjunctuurbeeld
After a contraction in Q1, we project subdued economic growth in Q2 and a pronounced recovery in the second half of the year. It will take until mid-2023 before Spain’s GDP will reach its pre-COVID level, provided that the vaccination pace accelerates.
Conjunctuurbeeld
De Nederlandse economie kromp in 2020 met een uitzonderlijke 3,8 procent, de grootste daling sinds WO2. Door de huidige lockdown laat herstel naar verwachting op zich wachten tot het tweede kwartaal.
Conjunctuurbeeld
The Dutch economy suffered an exceptional contraction of 3.8% in 2020, which amounts to the largest decline since WW2. The stringent lockdown caused household consumption to fall sharply and hurts the retail sector. Increased investments and industrial production, however, soften the blow.
Conjunctuurbeeld
Different from other European nations, France has not reinstated a lockdown in the first quarter. Consequently, we do not expect the French economy to contract in the first quarter. For 2021 we expect the French economy to grow by 5.8 percent.
Conjunctuurbeeld
A new strain of coronavirus has been found in Japan while a third wave of cases sweeps over the country. That will cause the economy to contract in the first quarter of this year. In that sense, the situation will get worse before it gets better.
Conjunctuurbeeld
The emerging markets heatmap provides a comprehensive overview of the relative vulnerability of eighteen emerging markets. Results show that Asian countries are in relatively good shape, while Latin American countries are most vulnerable.
Conjunctuurbeeld
Three Chinese State Owned Entities (SOEs) have defaulted on their bonds, possibly foreshadowing there is more to come. Meanwhile, tensions with the US are still increasing, and China’s economic recovery continues to be lopsided.
Conjunctuurbeeld
After a strong rebound in Q3, the Italian economy is set to contract again in Q4. We expect vaccinations starting early 2021 will support economic recovery next year, but full crisis recovery will likely take until in 2024.
Conjunctuurbeeld
We expect the economic impact of the partial lockdown to be smaller than the intelligent lockdown last spring, but consumer spending and investments will be hit hard. Because of the partial lockdown, the government announced extra support in the third support package.
Conjunctuurbeeld Engelstalige versie
De extra uitgaven door de coronacrisis verslechteren de overheidsfinanciën. Ook het herstel van de consumptie verloopt traag, maar met het derde steunpakket en belastingmaatregelen ondersteunt de overheid deels de binnenlandse vraag.
Conjunctuurbeeld Engelstalige versie
Het effect van de coronacrisis op de Nederlandse economie wordt zichtbaarder. In mei daalden de particuliere consumptie en de industriële dagproductie hard, en in juni liep de werkloosheid sterk op. De vooruitzichten voor het herstel blijven somber.
