RaboResearch - Economic Research

Maartje Wijffelaars

Senior Economist

Maartje works as a Senior Economist at RaboResearch Global Economics & Markets.

She focuses extensively on (political and economic) developments in Spain, Italy, Greece and Portugal. On top of that she also covers main themes for the Eurozone as a whole.

She previously worked at the University of Antwerp where she researched the relationship between financial institutions and government debt in the eurozone at the time of the financial crisis. Maartje has studied Economics and Finance at Tilburg University.

Publications Maartje Wijffelaars

Economic Report

Eurozone: a second recession, but with a silver lining

In the first quarter, the Eurozone economy contracted with 0.6%. Germany the performed worst among the large Member States (-1.7%). We project the recovery to resume in the current quarter and the EU recovery fund to lift GDP by 0.5% over 2021 and 2022.

Economic Report

EU - US: Towards renewed transatlantic cooperation?

The relationship between the EU and the US appears to be improving under the Biden administration, but several potential conflicts remain, such as the taxation of big tech and fossil energy, and tariffs on steel and aluminum.


Italy: Draghi from lender to leader of last resort

Italy’s government headed by Mario Draghi faces a major task and serious challenges. Nevertheless, we argue that Draghi’s arrival has brightened Italy’s future. The economy should reach its pre-crisis level mid-2023, helped by the EU Recovery fund.


Eurozone outlook: Recovery depends on vaccine rollout

After a harsh start of the year, the Eurozone economic outlook should start to improve from next quarter. With help of the EU recovery fund, the economy will hit its pre-pandemic level mid-2022. Yet only if the vaccination campaign gains ample speed.

Economic Comment

Eurozone economy contracts in fourth quarter of 2020

The Eurozone economy contracted with 0.7% in the final quarter of last year and with 6.8% in 2020 as a whole. Going forward, the apparent resilience of the economy bodes some comfort, but will not prevent another contraction in the current quarter.

Economic Report

Third COVID wave will push Spain’s economy into another recession

Spain is in the midst of a heavy third coronavirus wave. The government hopes it can avert a full lockdown, but the economy will suffer anyhow. We think the economy contracted in 20Q4 and pencil in another contraction for the current quarter.