RaboResearch - Economic Research

Column

Stop met hopen op morgen (Dutch)

Als u de afgelopen jaren ons Economisch Kwartaalbericht met enige regelmaat heeft gelezen, dan bent u geregeld zinnen tegengekomen als ‘de neerwaartse risico’s zijn groter dan de opwaartse’ of ‘de kans bestaat dat de groei ook komend jaar lager uitvalt’. En niet voor niets.

Special Dutch version

Outlook 2016: Financial Markets

While there will be a devaluation of the Chinese renminbi, the dollar will also become stronger more generally in 2016, due in part to the Fed’s interest rate increases. The ECB is more likely to do the opposite, which will weaken the euro/dollar currency pair further still. Slightly higher capital market rates can be expected though.

Special Dutch version

Outlook 2016: Global Economy

Global growth holds up in 2016, but does not accelerate. With the US poised to hike interest rates, the rest of the world waits anxiously. Normalization of monetary policy poses economic risks, but so does keeping it too loose for too long.