RaboResearch - Economisch Onderzoek

Landenrapport

India (Country report) (Engelstalig)

India is showing very robust economic growth, after a mild slowdown during the global financial crisis. The economy is estimated to have expanded by 9.1% yoy in 2010 and grow by 9.0% yoy in 2011. The largest country risks are found in the political and social situation.

Landenrapport

Russia (Country update) (Engelstalig)

Russia’s economic recovery from the global financial and economic crisis has been disappointing. Real GDP growth amounted to a slightly lower than expected 4% last year. In spite of recent high oil prices, growth actually slowed in the first quarter of this year.

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Croatia (Country report) (Engelstalig)

The Croatian economy is slowly recovering from the global crisis that hit the economy in 2009. The crisis further worsened the country’s twin deficits and external debt increased to 101% of GDP (2010). Moreover, unemployment rose from 15.1% in 2007, to 17.6% in 2010.

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China (Country update) (Engelstalig)

China’s economy continues to perform strongly in spite of numerous rounds of monetary tightening, with year-on-year (yoy) real GDP growth remaining steady at 9.8% and 9.7% in the last two quarters. Inflation remains stubbornly high at around 5% yoy in each of the past three months.

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Angola (Country update) (Engelstalig)

Angola’s oil-based economy stands to benefit from the recent increase in oil prices. Oil exports account for 96% of total exports and generate 90% of all tax income. Higher oil prices will thus help Angola to recover from the global crisis that hit the country in 2008 and 2009. Consequently, we expect GDP growth to reach 7.9% in 2011 (from 1.7% in 2010).

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United Arab Emirates (Country report) (Engelstalig)

The UAE escaped the turmoil that hit the Arab world over the past months, as the social and economic causes of the unrest hardly applied to the emirates. There is no suppressed frustration like in Saudi Arabia. Rich, powerful and conservative Abu Dhabi dominates the federation, with modern and market-minded but indebted Dubai playing second fiddle.

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Vietnam (Country report) (Engelstalig)

Vietnam’s pro-growth policies will result in economic growth of around 6% year on year (yoy) in 2011, but at the expense of macro-economic stability. External imbalances are very high, as the current account posts large deficits and the country’s liquidity position is in a dismal state.

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Singapore (Country report) (Engelstalig)

Singapore has very healthy public finances, strong net-creditor position, solid economic fundamentals, and a stable political environment. Having said that, the large size of the country’s banking sector combined with a huge dependence on global demand makes Singapore’s economy particularly vulnerable to external shocks.

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South Africa (Country report) (Engelstalig)

South Africa’s economy recovered, after a year-long recession in 2009. In 2010, the economy grew by 2.8%. Growth was largely demand driven, with an increase in both external and domestic demand fuelling growth in, among others, the manufacturing sector.

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Country Report Japan (Engelstalig)

Japan is an economy running high-speed into uncharted territory. It has boosted growth potential to the maximum relative to its ageing population, boasting among the highest rates of labour force participation and effective retirement age among the industrialises world.

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Israel (Country Report) (Engelstalig)

Israel’s small but technologically advanced free-market economy, located in an important and geopolitically high risk region, was and still is doing remarkably well. The short-term outlook is also encouraging.

Landenrapport

Botswana (Country report) (Engelstalig)

Botswana’s economy is recovering from the global crisis that especially hit its export sector. In 2011, the economy is expected to grow by 6%, from 7.2% in 2010. In addition, the current account deficit will shrink to 0.1% of GDP in 2011 (from 2.4% of GDP in 2010), signalling an increase in external demand for Botswana’s diamond exports.