RaboResearch - Economic Research

Economic Update

Economic Update France

The sound performance in recent quarters reflects the stability of the French economy. In the eurozone, France functions as a bastion of moderate economic growth. That said, harsh austerity measures will weigh on domestic demand in the coming years.

Economic Update

Economic Update Emerging Markets

The emerging markets are almost all losing their growth momentum. Even China, which has been the light at the end of the tunnel for a couple of years, is now reducing its growth target to below 8%.

Economic Update

Economic Update Spain

The Spanish economy contracted by 0.3% q-o-q in the last quarter of 2011. We expect a further contraction in the first quarter of the current year. Government spending cuts and tax hikes will have a negative impact on domestic demand this year.

Economic Update

Economic Update United Kingdom

The UK GDP contracted by 0.2% q-o-q in 11Q4. On a positive note, household spending finally grew after 4 quarters of contraction. Going forward, falling inflation may result in stronger consumer spending.

Economic Update

Economic Update The Netherlands

In the fourth quarter of 2011, the Dutch economy contracted by 0.7% in real terms compared to the previous quarter. As this was the second successive quarterly contraction, statistically, the Dutch economy is in recession.