Economic Quarterly Report Dutch version
Japan: bouncing, or just bouncing along the bottom?
Effectively, the economy of Japan did not grow in in 2014. The numbers have not been encouraging lately, with growth due to foreign, not domestic, demand.
Economic Quarterly Report Dutch version
Effectively, the economy of Japan did not grow in in 2014. The numbers have not been encouraging lately, with growth due to foreign, not domestic, demand.
Economic Quarterly Report Dutch version
Recent data support our expectation of 3% global economic growth in 2015. There are actually factors present that could generate a stronger recovery in growth, but the outlook is overshadowed by uncertainty regarding Greece and Ukraine.
Economic Quarterly Report Dutch version
We expect further recovery of the Dutch economy this year and in 2016. The economic recovery is more broad-based: exports, private investment and household consumption will all contribute to economic growth.
Economic Update
The French economy is expected to grow by 1% in 2015 and by 1½% in 2016. The limited ability of the French government to introduce structural reforms is not a good sign for economic growth in the long term.
Economic Update
In 2014, GDP volume shrank with 0.4%. In 2015, the economy is expected to grow for the first time in four years, albeit very slowly. Initially, the recovery is supported by consumption and foreign demand and next year also by fixed investment.
Economic Update
We expect that German economic growth accelerates in 2015 on the back of increasing private consumption growth. Falling inflation combined with high nominal pay rises will lead to a further rise in disposable income.
Country Report
Growth in Malaysia is expected to slow slightly in the coming years. Lower oil prices will hurt government income in 2015. As the political career of opposition leader Anwar Ibrahim has ended, the opposition coalition has been weakened.
Economic Update
We expect the Belgian economy to grow by around 1¼% in 2015, supported by household consumption and exports. There will be further economic growth (1½%) in 2016, driven by the global economy and investment, but consumption growth will then slow down.
Special Dutch version
While most economies in the world kept growing, oil prices more than halved in the second half of 2014. What triggered this dramatic drop and what does it mean for the future?
Special
The recent plunge in oil prices will be a net plus for the global economy. The pain will be felt by major oil producers and for some this may cause serious problems. However, we still expect the global economy to gain more than the losers will lose.
Economic Update
Rabobank expects the Spanish economy to grow around 2¼% in 2015. This growth is primarily driven by private consumption but public consumption and investment will also contribute positively. Net exports are expected to contribute negatively to GDP as import growth remains strong on the back of domestic demand.
Country Report
Strong institutions and policymaking support (potential) GDP growth, while the country’s small size and ageing pose challenges. Healthy balance sheets and a solid international creditor position reduce Singapore’s susceptibility to (global) shocks.