RaboResearch - Economic Research

Economic Report

Risk of debt crises in the US and Japan

This article is part of a series of Special Reports that discuss the downside risks to the global economic outlook. In this piece, we take a closer look at the risk of sovereign debt crises in the US and Japan.

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.

Special Dutch version

Worse before it gets better

We have never actually exited the financial crisis. The problem simply shifted from consumers' assets to the banks balance sheets and ultimately landed on governments’ laps, which in Europe are currently attempting to transfer it to a supranational level.

Country Report

United States of America (Country report)

The US economic recovery is expected to continue this and next year, but is very dependent on continued fiscal and monetary stimulus. As a result of the further fiscal stimulus, the budget deficit is set to increase this year relative to 2010.

Economic Report

What if AAAmerica gets downgraded?

Long-standing concerns about the sustainability of US fiscal imbalances have finally led to the first ‘negative outlook’ for the AAA-rating of US sovereign debt by S&P.