RaboResearch - Economic Research

Country Report

Country Report Tanzania

Bright prospects for the energy sector in Tanzania bode well for the already robust economic growth and gave the country access to international debt markets in 2013.

Country Report

Country Report Bulgaria

In 2013, Bulgaria was plagued by social unrest related to discontent with the high level of corruption amongst politicians. However, the economy benefitted from stronger external demand.

Country Report

Country Report Kazakhstan

Kazakhstan had a less fortunate economic year in 2013, as weak exports led to a twin deficit and economic growth, though picking up, was driven by unsustainable consumer borrowing.

Country Report

Country Report Rwanda

In 2013, temporary aid suspensions had significant economic repercussions for Rwanda. On the positive side, this triggered Rwanda to search for ways to reduce its aid dependency.

Country Report

Country Report Cameroon

In 2012, the economic performance of Cameroon improved on the back of the oil sector, while the political risks persisted, despite milestones having been achieved.

Country Report

Country Report Egypt

The ouster of president Morsi placed Egypt on a new political transition trajectory – unfortunately, not a more democratic one. Generous assistance from the GCC countries gives Egypt financial breathing space, but economic perspectives remain bleak due to unaddressed structural problems.

Country Report

Country Report Zambia

Zambia’s reliance on copper exports takes its toll on its external positions, while populist measures and political tensions could make matters worse.

Country Report

Country Report Ghana

Ghana sees robust economic growth on the back of the nascent oil sector, but the lack of fiscal discipline raises concerns about future debt sustainability and increasing vulnerabilities.

Country Report

Country Report Kenya

Peaceful elections in 2013 restored confidence in Kenya’s political stability to some extent and bode well for economic development, while the large twin deficits remain a matter of concern.

Country Report

Country Report Mauritius

The economy of Mauritius, an offshore financial centre in the Indian Ocean, suffered from the turmoil in Europe. Still, the government found the room for significant fiscal consolidation.

Country Report

Country Report Egypt

The political stalemate in Egypt pushes the downtrodden economy further into the abyss. However, Egypt is expected to muddle through until the elections, but the downside risks are high.

Country Report

Country Report Tunisia

Political polarization and an upsurge in radicalization make stability maintenance a challenge for Tunisia, while its realization is essential for a recovery of the economy and for restoring the increasing external and fiscal imbalances.

Country Report

Country Report Morocco

The popular Moroccan king maintains political stability, but the macroeconomic imbalances are aggravating as long as reforming the excessive subsidy bill is staved off.