RaboResearch - Economic Research

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Special

The EU's road to net-zero mobility: Highway or traffic jam?

Within the EU Green Deal the transport sector needs to cut 90% of its emissions by 2050. This article outlines the policies that the EU is deploying to this end. The policies cover a very broad range, raising the question of whether the many stakeholders will be able to implement all the required changes.

Special

What a right-wing coalition would bring Italy

Italian elections on September 25 are set to be won by the conservative right coalition. Importantly, Italy will continue to support sanctions against Russia and eurozone membership, but frictions with the EU and the risk of fiscal slippage will increase.

Economic Report

The Basics of Electricity Price Formation

Europe is facing very high prices for both natural gas and electricity. In many European countries, the prices of both commodities are related, most of the times. However, electricity prices are not pegged to natural gas prices. This article explains how electricity prices are established.

Special

US: Technical Recession

The advance estimate for Q2 GDP growth shows that the US is in a ‘technical recession’, which means two consecutive quarters of negative GDP growth. Meanwhile, the strong labor market is telling a different story. Therefore, it is not likely that the current economic circumstances will lead the NBER to call an official recession in H1.

Economic Update

Italy: Elections amid a cost of living crisis

In the second quarter, Italy’s economy performed better than expected and GDP is again larger than pre-pandemic. Still, a recession looks inevitable going forward, due to the cost of living crisis. After elections, policy could move significantly right.