Conjunctuurbeeld
Impact of tapering on emerging markets (Engelstalig)
In this Economic Update we take a closer look at the impact of the gradual slowing down of the rate of asset purchases by the US Federal Reserve (Fed) on the emerging markets.
Conjunctuurbeeld
In this Economic Update we take a closer look at the impact of the gradual slowing down of the rate of asset purchases by the US Federal Reserve (Fed) on the emerging markets.
Conjunctuurbeeld
Russia’s economic activity has continued to slow in 13Q3 and we expect growth in 2013 as a whole to be around 1.5%. The economic slowdown is starting to adversely impact public finances. The central bank has left rates on hold for now, despite falling inflation.
Landenrapport
The Russian economy has fallen into a recession this year. A fiscal stimulus package to boost economic growth was announced in May, but we do not expect any short-term results. To gain more influence in the CIS region, Russia has resorted to strong-arm tactics.
Conjunctuurbeeld
De groeicijfers van het tweede kwartaal van 2013 laten een gemengd beeld zien. Zo presteerde de Duitse economie goed, maar bleven Spanje en Italië in recessie. Onze Conjunctuurbeelden in één overzicht.
Themabericht
Russia’s fixed exchange rate regime together with its fragile fiscal position appeared to be unsustainable in the course of 1998. By then an outbreak of a severe banking, currency and sovereign debt crisis could not be prevented.
Conjunctuurbeeld
Russia’s economic growth has continued to slow this year and we expect 2.2% growth in 2013. The central bank is likely to loosen monetary policy amid falling inflation. The government’s stimulus measures are justifiable, but no effect is expected in the very short term.
Conjunctuurbeeld
The most recent data shows that economic growth in Russia continues to slow down. There have been talks of a fiscal stimulus package, which is feasible given Russia’s healthy public finances. However, it is not without risks in the long term.
Landenrapport
Economic growth in Russia is falling to a lower longer-term trend growth of 3-4%. While domestic political stability has been restored, underlying tensions remain. Tensions with the EU have recently risen but are unlikely to escalate.
Conjunctuurbeeld
Preliminary data shows that the Russian economy grew by 3.4% y-o-y in 2012. However, this masks the fact that the economy slowed fairly sharply over the course of the year. We expect growth to remain subdued at 3% in 2013.