RaboResearch - Economic Research

Jurriaan Kalf

Economist

Jurriaan Kalf is economist and liaison officer for several business units.

He is currently responsible for picking up signals from corporate clients and translating these signals to themes to focus our economic research. Before this role, Jurriaan was economist and country risk analyst for the North America, the Middle-East and Asia.

Jurriaan studied financial economics at Utrecht University and interned at the Dutch central bank before being trained as policy economist at the Dutch government

Publications Jurriaan Kalf

Economic Comment

Brexit-stem laat het vooral stormen in de Britse economie (Dutch)

In het VK wordt de politieke en economische schade van de Brexit-stem zichtbaar. Op korte termijn zien we vooral dat de Brexit-stem de economie van het VK beïnvloedt. Voor de eurozone verwachten we op de korte termijn een beperkt effect op de groei.

Special Dutch version

The GCC: going cold turkey on oil?

The oil-rich Gulf Cooperation Council (GCC) countries suffer from the oil price slump while diversification will prove difficult. In the short-run, the necessary budgetary consolidation Oman, Bahrain and Saudi Arabia will weigh on political risk.

Economic Quarterly Report Dutch version

China: when will the hangover of the debt binge set in?

Macro economically, China is in calmer water now but medium term risks have been on the rise, at the same time. Debt keeps piling, especially for state owned enterprises, which boast ever lower profits. As a result the asset quality of loans, and consequently financial stability, are coming under pressure.

Economic Report

Meer schuld, minder groei; waarom China blijft stimuleren (Dutch)

De Chinese binnenlandse schuld is inmiddels gestegen tot een recordhoogte van 255% van het BBP en de kredietgroei ligt nog steeds fors boven de economische groei. Onze analyse laat zien dat dit beleid zijn effectiviteit heeft verloren en dat de risico’s van hoge schulden toenemen.

Country Report

Switzerland: quick economic rebound after massive appreciation 2015

The Swiss export sector was affected by a sharp appreciation of the Swiss Franc (CHF) following the Swiss central bank’s (SNB) decision to scrap the currency ceiling early 2015. However, economic growth held up and we expect a rebound of economic growth and exports this year.

Economic Report Dutch version

Why the Trump phenomenon is here to stay

The success of anti-establishmentcandidate statistically explained by stagnant median wages and declining manufacturing employment. When these trends persist, Trump and his successors are here to stay.