RaboResearch - Economic Research

Economic Report

Separatists will likely win Catalan elections

The separatists will likely win today’s elections in Catalonia, but they might lose their absolute majority. While a fresh push towards unilateral independence is unlikely, it could take many years before tensions actually recede.

Economic Report

The impact of the proposed corporate tax cut in the US

Simulations with a macro-econometric model show that a reduction in the US corporate tax rate will boost GDP growth in the short run, but the debt ratio in the long run. The cut will also lead to higher long-term interest rates and a stronger US dollar.

Special

Why Trump’s protectionist trade agenda fails

So far, Trump has failed to implement much of his protectionist trade agenda. We discuss five reasons why we believe Trump will not implement a full-fletched package of protectionist measures. If Trump does resort to protectionism, US GDP could face losses up to -3.1 percentage points in 2018.