RaboResearch - Economic Research

Economic Comment

China: Rising tensions

The rising tensions between China, the EU, US, UK and Canada could have wide implications, from hurting the chances of ratifying the recent EU China investment deal to effects on the global supply of cotton.

Special

Can voluntary carbon markets change the game for climate change?

Offsetting CO2-emissions through voluntary carbon credits plays a role in the transition to a zero-carbon economy. Although the market is small and oversupplied, things are changing. Demand from non-regulated sectors like aviation is driving market growth.

Economic Update

Japan: Worse before better

A new strain of coronavirus has been found in Japan while a third wave of cases sweeps over the country. That will cause the economy to contract in the first quarter of this year. In that sense, the situation will get worse before it gets better.

Economic Comment

Japan: Crawling out of a recession

The first signs of Japan’s economic recovery are here, albeit tentative. More fiscal stimulus is on the way. More monetary stimulus might be on the way as well, since core inflation has been negative for three months in a row.

Economic Comment

Japan: Economic and external woes continue

Coronavirus cases are still increasing in Japan, which is holding back its economic recovery. Relations with China are still tense. If the economy weakens further, the Bank of Japan might start another round of stimulus.

Special

COVID-19 policy response: Spend or lend?

The unequal balance between developed and emerging economies becomes painfully clear in the different government response packages to COVID-19. Emerging markets are constrained in their ability to finance appropriate fiscal packages.

Economic Comment

Japan: The reign of Suga

Yoshihide Suga has been elected as Japan’s new prime minister. His newly appointed cabinet signals policy continuity and conformity. Meanwhile, the economy is showing signs of recovery, although it remains quite weak.

Economic Quarterly Report Dutch version

Global Economic Outlook: Waves of uncertainty

The global economy has bottomed out and started its recovery. However, the recovery is marred by uncertainties such as more waves of coronavirus infections, lurking negative effects on the labor market and productivity and rising geopolitical tensions.

Economic Comment

Japan: A farewell to Abe

Japan’s prime minister Shinzo Abe has unexpectedly announced his resignation. This means Japan faces a period of increased uncertainty.

Economic Comment

Japan: Wave of concern

As we expected, the Bank of Japan did not move during its last meeting and will likely remain in wait and see mode for a while. In the meantime, a second wave of coronavirus infections is hurting Japan’s economic recovery.

Economic Comment

Japan: Rising cases and rising tensions

The Bank of Japan will probably take a break from stimulus, for now. Meanwhile, coronavirus cases are on the rise again in Tokyo, as are tensions with China. Both represent downside risks to our outlook.