RaboResearch - Economic Research

Special Dutch version

Outlook 2016: Global Economy

Global growth holds up in 2016, but does not accelerate. With the US poised to hike interest rates, the rest of the world waits anxiously. Normalization of monetary policy poses economic risks, but so does keeping it too loose for too long.

Economic Comment

Turkey: surprise landslide victory ensures AKP single-party rule

The AKP’s surprise victory at Turkey’s snap elections restores political stability, but the new cabinet needs to embark on structural reforms and boost central bank independency to uphold investor confidence amid elevated balance-of-payments risks.