RaboResearch - Economisch Onderzoek

Landenrapport

Country Report Ecuador (Engelstalig)

Ecuador’s return to the international capital markets improved its liquidity. But, the external position remains weak. The interventionist and nationalist tendencies of the Correa government continue.

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Country Report Mexico (Engelstalig)

Mexico’s economic growth starts to pick up and its economic outlook is also improving, as all intended structural reforms are approved. The most important one, energy, is likely to contribute the most.

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Country Report Honduras (Engelstalig)

Honduras is a country with a weak institutional structure and poor public finances. While the government seems to have reduced its deficit, fiscal challenges remain sizeable.

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Country Report Panama (Engelstalig)

Supported by infrastructure projects economic growth in Panama is strong. Whether these projects will boost growth structurally, to an extent that it will outweigh a loss of short-term infrastructural investment-driven growth, remains to be seen.

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Country Report Costa Rica (Engelstalig)

Intel has announced that it will relocate its production plant to Asia, severely denting Costa Rica’s GDP. Furthermore, with the government failing to address structural fiscal problems, Moody’s has downgraded the sovereign to below investment grade.

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Country Report Peru (Engelstalig)

Economic growth has slowed down strongly in the first half of this year, but is likely to pick-up in the second half of 2014 and afterwards. Meanwhile, the well-regarded Finance Minister Luis Miguel Castilla was replaced in September 2014.

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Country Report Nicaragua (Engelstalig)

Nicaragua’s economy performed rather well in 2013 and the economic outlook remains favourable. However, its institutional framework has weakened further and the president can now be re-elected and be elected for more than two times.

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Country Report Brazil (Engelstalig)

Economic growth in Brazil is likely to fall below 1% in 2014, as both investment and consumption have been weakening. In the second quarter, the economy officially entered a recession. Meanwhile, the October 2014 presidential elections have become very competitive after Marina Silva’s entry to the race.

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Country Report Sint Maarten (Engelstalig)

St. Maarten has experienced moderate economic growth in 2013. One of St. Maarten’s challenges remains building up an institutional framework, as it currently lacks the human and financial resources to develop a good functioning administration.

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Country Report Curaçao (Engelstalig)

Curaçao had a slightly disappointing economic performance in 2013. However, both Curaçao’s external position and public finances improved. Nevertheless, these remain important weaknesses.

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Country Report Colombia (Engelstalig)

Colombia is moving closer to achieving peace with the central FARC-command, after president Santos won the second round of the presidential elections. Meanwhile, the economy is booming, presenting both challenges and opportunities.

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Country Report Mexico (Engelstalig)

Economic growth in 14Q1 was slightly disappointing, but Mexico’s economic outlook is improving considerably, as almost all intended structural reforms are approved. The most important one –energy- is likely to be approved soon.

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Country Report Aruba (Engelstalig)

Although Aruba’s economy grew again in 2013 its economic outlook remains bleak. Government finances in particular are a reason for concern, as Aruba’s deficit is still large, its debt level high and control over public finances weak.

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Country Report The Bahamas (Engelstalig)

The Bahamas is a small yet rich island economy that faces challenges in the area of fiscal consolidation and generating GDP growth.

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Country Report Suriname (Engelstalig)

The Surinam economy is growing robustly, and growth is estimated at around 4% in 2014 and 2015. President Bouterse remains the favourite for the 2015 presidential elections, despite tensions within his coalition.