RaboResearch - Economic Research

Economic Report

Australia: Policymakers shifting gears

The recent Australian federal budget represents a shift in budget strategy away from budget prudence towards higher spending. The combination of loose fiscal and monetary stimulus increases inflation expectations. However, the RBA doesn’t expect a rate hike before 2024 due to spare capacity in the economy.

Special

Comparing G20’s cash cannon in 2020

Advanced G20 countries have really fired up the cash cannon compared to emerging G20 economies during Covid-19. But without this sizeable government spending by both the advanced and the emerging G20 countries, G20’s total contraction could have been four times more severe.

Economic Update

France: Lockdowns determine economic recovery

Different from other European nations, France has not reinstated a lockdown in the first quarter. Consequently, we do not expect the French economy to contract in the first quarter. For 2021 we expect the French economy to grow by 5.8 percent.

Economic Report Dutch version

The Basics of Advanced Recycling

There is pressure to address the problem of plastic packaging waste. Advanced recycling is mentioned as a promising solution and can complement existing recycling methods, accelerating the transition to a circular economy.

Special

Looking beyond the COVID-19 crisis

While we currently expect a V-shaped recovery for the global economy, there is a clear risk of a more U-shaped or even L-shaped recovery. There could also be effects on global growth beyond the 2021 horizon. We expect annual structural growth (up to 2030) in the US to drop from 1.6% to 1.4%. For the Netherlands, structural growth is set to decline from 1.3% to 1.1%.

Economic Update Dutch version

The Netherlands: Cooler temperatures are coming

We expect the Dutch economy to grow by 1.2 percent in 2020. Exports and investments are hurt by, among others, weaker global growth. Domestically, the nitrogen problems negatively affect investments. Consumers remain an important driver of growth.

Special

The Role of Hydrogen in the Dutch Electricity System

This technical report looks at the role that novel power-to-gas, repowering and storage technologies, including hydrogen, synthetic methane storage and batteries, may play in the transition to a low-carbon electricity system in the Netherlands.