RaboResearch - Economic Research

Theo Smid

Theo Smid was responsible for writing periodical publications including the Economic Update, the Monthly Outlook, the Quarterly Economic Report and the annual KEO Outlook. He also wrote special studies on subjects including the labour market, ageing and pensions.

Theo regularly lectured on economic themes to Rabobank clients. He studied Economics at Tilburg University and worked as a researcher at SEO Economic Research for two years before joining Rabobank's Economic Research in May 2011.

Publications Theo Smid

Economic Update

Economic Update The Netherlands

The contraction of the Dutch economy has been adjusted upwards by 0.1% point. Corrected for working day and seasonal effects, the real contraction in the fourth quarter was 0.6%. For 2012 as a whole, a negative real growth is expected of -¾%.

Economic Update

Conjunctuurbeeld Nederland (Dutch)

De krimp van de Nederlandse economie is met 0,1%-punt naar boven bijgesteld. Gecorrigeerd voor werkdag- en seizoenseffecten bedroeg de reële krimp in het vierde kwartaal 0,6%. Over heel 2012 komt de reële groei naar verwachting uit op -¾%.

Economic Quarterly Report

Economisch Kwartaalbericht (integrale versie) (Dutch)

Snel ingrijpen in de overheidsfinanciën door extra te bezuinigen zal de economie die al in een nieuwe recessie verkeert onnodig schade toebrengen. Hoe langer deze hervormingen op zich laten wachten, hoe groter de kosten zijn voor de samenleving.

Economic Update

Recession virtually certain

It is virtually certain that the Dutch economy slid into recession in the second half of last year - only two years after the last recession in the second quarter of 2009. This sluggish economic performance has many negative consequences.

Economic Update

Recessie zo goed als zeker (Dutch)

Het is zo goed als zeker dat de Nederlandse economie in de tweede helft van vorig jaar in een recessie is beland. De laatste keer dat daar sprake van was, was in het tweede kwartaal van 2009. De kwakkelende economie heeft veel nadelige gevolgen.

Economic Comment

Dutch pension cuts imminent (Macro Comment)

Three of the largest Dutch pension funds have recently announced that pay-out cuts are imminent. The reasons are insufficient recovery of financial markets, low interest rates and increasing life expectancy.

Special Dutch version

Outlook 2012 (full report)

In 2011, we have seen a sluggish continuation of last year's weak recovery from the Great Recession. There are now, however, indications that the economy is once again heading towards a considerable slowdown in growth.

Economic Quarterly Report

The Netherlands: No surprises

While the economy still appeared to be firing on all cylinders in the first quarter of 2011, by the second quarter the increase in economic activity had stagnated all but completely. The Dutch economy grew by only 0.1% on a quarterly basis, a rate that nevertheless did not come as a surprise

Economic Update Dutch version

Country Update the Netherlands

In 11Q2 the real economy grew by only 0.1% q-o-q. However, this was not entirely surprising. Growth in 11Q1 was driven by private investment in the construction sector. In 11Q2, investment growth slowed. Consumers were also tight-fisted.