RaboResearch - Economic Research

Economic Comment Dutch version

Greek state of play

After the negotiations between Greece and the institutions were discontinued on Saturday, all eyes are on Greece. With no exposure of Eurozone banks and new mechanisms in place at the European aimed to prevent contagion we do not foresee major contagion events in the event of a Greek default.

Country Report

Country Report Kuwait

The growth of Kuwait’s hydrocarbon dependent economy slowed further in 2014, as oil prices slumped. Stimulating development of the non-oil sector requires reforms that will be difficult to pass, especially if they come at a cost of welfare programmes. Meanwhile, the political situation eased somewhat as the current parliament is proving more cooperative.

Country Report

Country Report Bahrain

The oil price decline negatively affects economic growth and puts pressure on the fiscal position of Bahrain. Meanhile, Saudi Arabia is still (implicitly) backing the Sunni Al-Khalifa regime, both financially and militarily, in an effort to keep Iran at bay.

Country Report

Country Report Canada

Economic growth in Canada is expected to slow somewhat, as the oil price plunge will negatively impact investment but boost consumption somewhat. The housing market is Canada’s main domestic risk, as high house prices and high levels of debt make households vulnerable to a rate hike.