RaboResearch - Economic Research

Raphie Hayat

Senior Economist

Raphie joined RaboResearch Global Economics & Markets in 2014, where he follows China, Japan and a number of other countries in the Asia-Pacific region.

Raphie analyses these economies from a macro-economic perspective. This includes (amongst others) writing about relevant developments for the countries in this region and their macro-economic implications. Previously at Rabobank, Raphie covered Africa, the Middle East and Southeast Asia, and was as a portfolio manager. His work experience before Rabobank includes KPMG Corporate Finance and UBS.

Raphie holds Master’s degrees in Economics and Finance, a PhD in Economics (VU University Amsterdam), is a Certified Financial Risk Manager (FRM) and a CFA charterholder.

Publications Raphie Hayat

Economic Report

China: The wider implications of Huarong’s woes

One of China’s major state owned entities, Huarong, has come under stress recently. The situation is a test case for Beijing’s willingness to bail out struggling state owned firms that are big and important.

Economic Report

China GDP growth outlook: Still recovering, but losing steam

China’s Q1 GDP growth surged to 18.3% on a year-to-year basis, mainly due to the low base in Q1 2020. We think the pace of the recovery will slow as the initial pent up demand in China dies out and policy support is scaled back.

Economic Comment

China: Rising tensions

The rising tensions between China, the EU, US, UK and Canada could have wide implications, from hurting the chances of ratifying the recent EU China investment deal to effects on the global supply of cotton.

Special

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 Update

Japan: Worse before better

A new strain of coronavirus has been found in Japan while a third wave of cases sweeps over the country. That will cause the economy to contract in the first quarter of this year. In that sense, the situation will get worse before it gets better.

Column

Hoe China een blik biedt in ons herstel (Dutch)

Het economisch herstel van China biedt wellicht een kijkje in de toekomst van Nederland. Daar is het initiële herstel snel gegaan, maar het laatste gedeelte gaat langzamer.

Economic Comment

Japan: Crawling out of a recession

The first signs of Japan’s economic recovery are here, albeit tentative. More fiscal stimulus is on the way. More monetary stimulus might be on the way as well, since core inflation has been negative for three months in a row.