RaboResearch - Economic Research

Maartje Wijffelaars

Senior economist Eurozone

Maartje Wijffelaars covers political and economic developments in Italy, Spain and the broader Eurozone economy.

On top of that, she writes about cross-border topics such as the (trade) relationship between the EU and the US. Maartje has worked at the economic research department of Rabobank since 2013. She previously worked at the University of Antwerp. There she analysed the relationship between financial institutions and government debt in the Eurozone, at the time of the global financial and Eurozone debt crisis. Maartje has studied International Economics and Finance at Tilburg University.

Publications Maartje Wijffelaars


Implications of the EU China investment deal (CAI)

The EU-China Comprehensive Agreement on Investment (CAI) should improve EU companies’ access to China and ‘level’ the playing field. However, its commitments are ‘weak’ and the envisaged dispute resolution mechanism lacks teeth.

Economic Quarterly Report Dutch version

Eurozone: Second wave delays economic recovery

We forecast the Eurozone economy to contract by 7.4% in 2020 and to grow with 3.9% in 2021. The economy will need more time to fully recover. Considerable uncertainty remains about the underlying damage done to companies in the COVID-19 crisis.


Standoff over the EU budget can have large implications

Hungary and Poland are blocking the implementation of the EUR 750bn European crisis recovery fund. The risk is non-negligible that talks remain in deadlock in the short term. A protracted standoff could have serious economic and market implications.

Economic Report

Eurozone economy enjoys technical rebound, but outlook is weak

The Eurozone economy grew by 12.7% q/q in Q3. Despite the strong economic rebound, economic activity is still substantially lower than pre-crisis. Going forward, the second wave and new round of lockdowns across the Eurozone undermine the recovery.


Trump versus Biden and the transatlantic trade relationship

Under a Biden presidency cooperation between the EU and US on a broad range of topics would improve and the risk of new tariff hikes fall. Yet, certain tensions would remain difficult to overcome and a significant fall in trade barriers unlikely.

Economic Report

Spain's struggle against COVID-19 hampers its economic recovery

After the major slump in the first half of the year, Spain’s economy partially recovered in the third quarter. Going forward, economic growth will be very weak until a vaccine is widely available. We forecast GDP to contract with 13.3% this year.


COVID-19 has a devastating impact on Italy’s economy

We think that Italy’s GDP volume contracted by close to 17% y-o-y in the second quarter. The economy has started to recover, yet full recovery is unlikely before 2025. Public finances are set to deteriorate vastly, but a banking crisis is not imminent.