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 Update

China: Dealing with defaults

Three Chinese State Owned Entities (SOEs) have defaulted on their bonds, possibly foreshadowing there is more to come. Meanwhile, tensions with the US are still increasing, and China’s economic recovery continues to be lopsided.

Special

China’s economic recovery: A tale of two speeds

China’s economy is recovering. However, the recovery is unequal. In addition, Covid-19 has increased income inequalities and regional differences. China’s situation might give a glimpse into imbalances in the recovery of other countries as well.

Economic Comment

Japan: Economic and external woes continue

Coronavirus cases are still increasing in Japan, which is holding back its economic recovery. Relations with China are still tense. If the economy weakens further, the Bank of Japan might start another round of stimulus.

Economic Comment

China: Increasing self-reliance

China’s new Five Year Plan signals the country’s increased focus on self-reliance. Meanwhile, the economic recovery is continuing. Tensions between the US and China are here to stay, irrespective of who the new US president will be.

Economic Comment

Japan: The reign of Suga

Yoshihide Suga has been elected as Japan’s new prime minister. His newly appointed cabinet signals policy continuity and conformity. Meanwhile, the economy is showing signs of recovery, although it remains quite weak.

Column

Trump gebruikt onzekerheid als wapen tegen China (Dutch)

Het verbannen van Chinese bedrijven in de VS is economisch gezien schadelijk voor zowel China als Amerika. Toch is het niet verrassend dat Trump hiervoor kiest. Het gaat hem namelijk niet om het geld, maar om de macht.

Economic Quarterly Report Dutch version

Global Economic Outlook: Waves of uncertainty

The global economy has bottomed out and started its recovery. However, the recovery is marred by uncertainties such as more waves of coronavirus infections, lurking negative effects on the labor market and productivity and rising geopolitical tensions.

Economic Comment

Japan: A farewell to Abe

Japan’s prime minister Shinzo Abe has unexpectedly announced his resignation. This means Japan faces a period of increased uncertainty.

Column

Waarom we zakenreizigers moeten behandelen als voetballers (Dutch)

Zakenreizen zijn ontzettend belangrijk voor kennisoverdracht en economische groei. Maar dankzij het coronavirus blijven de zakelijke reizigers massaal thuis. De oplossing? Maak uitzonderingen voor die zakelijke reiziger, net als bij de voetballers.