RaboResearch - Economic Research

Economic Comment

Curaçao and Sint Maarten: Frozen credit

Faced with an unsustainable current account deficit and declining international reserves, the Central Bank of Curaçao and Sint Maarten introduced a six month freeze on private credit extension, but more needs to be done.

Economic Report

The Netherlands: deservedly core

In this study we argue that although the budgetary outlook and the current political and economic situation in the Netherlands raise some eyebrows abroad, the fundamentals still point out that the Netherlands belongs to the core of the euro area.

Economic Comment

Egypt: a case of bad timing (Macro Comment)

A clash between the ruling military council and the Muslim Brotherhood, last weekend, threatens Egypt’s fragile economic and political stability, as it could delay a much-needed IMF deal.

Economic Comment

Irish economy still struggling to recover

After an impressive start, the Irish economy fell back into recession in the second half of 2011. With domestic demand expected to fall further and export growth held back by sluggish growth, the economy is expected to show a modest recovery in 2012.

Economic Comment

UK Budget: another missed opportunity

The Chancellor decided to stick to his guns. This is unfortunate given the weak economic outlook. The private sector is itself busy cleaning its balance sheet and the external environment remains challenging.

Economic Comment

Consument te pessimistisch gestemd (Dutch)

In maart kwam de indicator voor het consumentenvertrouwen uit op –39. Het is echter onterecht dat Nederlandse consumenten zo somber gestemd zijn over de ontwikkelingen van de economie.

Economic Comment

India’s budget wins little applause

The budget for India’s fiscal year 2012/13 aims to reduce the fiscal deficit to 5.1% of GDP from 5.9% of GDP this year. With a rise in tax revenue and a more realistic growth assumption, next year’s budget seems more in reach than this year.

Economic Comment

Turkey: keeping heads cool helps

While Turkey’s industrial production growth is slowing, both inflation and the current account deficit remain elevated, suggesting that the central bank must not ease policy just yet.

Economic Comment

Vietnam: Stay on course (Macro Comment)

After experiencing somewhat of an economic rollercoaster ride in 2011, inflation in Vietnam is finally easing. Nonetheless, Vietnam’s economic situation remains vulnerable and the government should make sure it stays on course.

Economic Report

De diverse opmars van de ZZP’er (Dutch)

ZZP’ers hebben de afgelopen jaren een centrale rol gekregen op de arbeidsmarkt én in het publieke debat. In dit Themabericht proberen we de belangrijkste stuwende krachten achter de sterke groei van het aandeel ZZP’ers in kaart te brengen.

Economic Report

Consument laat zich put in praten (Dutch)

De verwachtingen van consumenten ten aanzien van de ontwikkelingen van de Nederlandse economie worden gemeten met behulp van het consumentenvertrouwen. Dit ging in de tweede helft van 2011 hard onderuit.

Economic Comment

Pace of austerity and fiscal fundamentals

The fear of a rating downgrade or losing market access has caused many advanced countries to embark on a very aggressive fiscal consolidation plan. This can potentially be harmful for output and employment growth.

Economic Comment

Worden heilige huisjes afgebroken? (Dutch)

In 2013 moet het kabinet naar verwachting ruim 9 miljard euro extra bezuinigen. Wat ons betreft moet er niet worden gekeken naar bezuinigingen en/of lastenverzwaringen, maar is de tijd gekomen om zogenaamde heilige huisjes af te breken.