RaboResearch - Economic Research

Michiel van der Veen


Michiel works as an economist at RaboResearch Economic Scenarios and Projections.

He contributes among other things to the development of macro-economic and interest rate scenarios used in, for example, stress tests.

Michiel studied Economics and Finance at the University of Groningen.

Publications Michiel van der Veen

Economic Comment

Italy climbs out of recession, but economic situation remains dire

First quarter GDP growth is revised downwards to 0.1%. Tensions between Brussels and Rome are likely to flare up again this autumn. We expect growth to decelerate in the rest of the year as policy uncertainty weighs on private sector confidence.

Economic Update

Spaanse economie begint het jaar sterk (Dutch)

De Spaanse economie begint het jaar sterk. Beleidsonzekerheid als gevolg van de verkiezingsuitslag van afgelopen zondag brengt de economie niet op haar knieën. Maar de vooruitzichten voor de langere termijn zijn wat minder gunstig.

Economic Comment

Eurozone growth accelerates in the first quarter of 2019

Eurozone economy grew by 0.4% quarter-on-quarter in the first quarter of 2019. Domestic demand in the Eurozone is expected to be the main driver as external demand was weak. Italy climbed out of recession in the first quarter of 2019, while Spain remains the Eurozone’s bright star.

Special Dutch version

Recession strikes (again) on the Italian peninsula

Italy’s slipped into a recession. A quick rebound is not to be expected. New budgetary issues are likely to raise concerns on the market later this year. Growth is forecasted to be flat in 2019. The probability of a coalition break-up is low, but looks set to increase after European elections.