November 25, 2022 Special

Why Inflation Is Diverging in the Eurozone - Energy is Key

Over the past 18 months, the Eurozone has witnessed the sharpest rise in inflation since its inception. But the inflation wave also stands out from a longer, post-World War II perspective. What has received less attention, though, is the huge variation in inflation rates across member states.

November 22, 2022 Economic Comment

COP27 Takes a Step Toward Climate Justice But Fails To Contain Global Warming

Climate finance took center stage at COP27, resulting in an agreement to establish a “loss and damage” fund, albeit with all the details missing. Aside from this achievement, COP27 failed to bring us closer to the goal of limiting global warming to 1.5C compared to pre-industrial levels.

November 07, 2022 Special

Resetting EMU: A One-off Package Deal for EMU’s Member States

The ECB is in a unique position to fundamentally strengthen the eurozone and support the fiscal policies of its member states. But everything depends on a successful bond issuance by the ECB.

November 03, 2022 Economic Report

Will Talk Turn Into Action at the ‘African’ COP27?

During COP27 in Sharm el-Sheikh, Egypt, the pledges made at COP26 will have to be converted into actions. This article discusses where COP26 left us and what we can expect from the coming ‘African COP.’

November 03, 2022 Special

The US International Investment Position and the International Role of the Dollar

Due to structural deficits on the US current account, its net external investment position is close to minus 100% of GDP. In a world, in which China is promoting the international use of the renminbi, this may have consequences for the position of the dollar.

November 02, 2022 Dutch Housing Market Quarterly

Dutch house prices expected to drop further

Due to further interest rate hikes, the Dutch housing market is cooling down faster than expected. Next year, house prices are forecasted to drop 3.1%.

November 02, 2022 Economic Update

The Netherlands: The Tell-tale Signs of an Impending Recession

Current economic data suggests a tipping point in the month of September.

October 31, 2022 Economic Comment

Eurozone GDP growth slowed in Q3, contraction ahead

In the third quarter, GDP growth slowed in the Eurozone. From Q4 onwards, we expect the Eurozone economy to contract for several quarters. Looking beyond the short term, we expect the energy crisis to haunt Europe for years.

October 06, 2022 Economic Report

United States: Double recession

After the technical recession in the first half of this year, the Fed’s Volcker-esque hiking cycle and the inverted yield curve point to an official recession next year. The current inversion of the yield curve indicates that the probability of the second recession is 70%.

October 06, 2022 Economic Update

The Netherlands: Government Presents Budget

In September the Dutch government presented its budget for 2023. High energy prices and purchasing power were the main focus of the budget presentation.