RaboResearch - Economic Research

Special Dutch version

The Future of Bitcoin

This special answers some questions around the Bitcoin. Bitcoin will probably not be very successful as a means of payment. It is too unstable, too slow and too opaque. However, the Bitcoin could survive in the long run as a high risk asset class.

Special

Scotland: A proxy vote for independence?

The Scottish regional election is potentially shaping up to have a big impact on the future of the UK. Scottish independence has returned to the top of the agenda and the SNP will argue to have a fresh mandate. The economic argument for Scottish independence is weak, but the Conservatives aren’t in the position to credibly make this case.

Economic Report

Travel bubble brings Australia out of isolation

The establishment of a travel bubble between New Zealand and Australia has more symbolic than economic value. Even though the Australian labour market has shown a strong performance over the last months, the end of the JobKeeper program is hanging above the labour market like the sword of Damocles.

Economic Comment Dutch version

COVID-19 Economic Dashboard

Hard economic data usually comes available at quite some lag. To gauge the economic impact of COVID-19 we look at more timely economic indicators that are readily available. Data on traffic jams, international flights, and restaurant bookings are released sooner and more frequently. This helps us to better monitor the economic situation during the COVID-19 crisis.

Special

Comparing G20’s cash cannon in 2020

Advanced G20 countries have really fired up the cash cannon compared to emerging G20 economies during Covid-19. But without this sizeable government spending by both the advanced and the emerging G20 countries, G20’s total contraction could have been four times more severe.

Economic Report

United States: American Jobs Plan

President Biden has presented his American Jobs Plan, which amounts to about $2 trillion in spending on infrastructure and care. This should be financed by raising the corporate tax rate to 28% from 21% and by other tax measures aimed at corporations.

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.

Economic Report

India: Second wave and vacci”notion”

India showed 0.4% GDP growth in Q3 of FY21. Unfortunately a second wave of Covid cases is on the rise, which might hamper growth in the next months. Although vaccine implementation started mid-January, the pace of vaccination must accelerate if India is to reap economic benefits in 2021. Fortunately, availability of vaccines is not a constraint.