RaboResearch - Economic Research

Economic Update Dutch version

Economic Update France

Based on persistent weak sentiment we lowered our growth forecast for 11H2. We believe the uncertainty surrounding the European debt crisis will weigh on France’s economic activity going forward.

Economic Update Dutch version

Economic Update United Kingdom

The much-awaited QE2 was finally launched in October after Adam Posen, the arch-dove MPC member, convinced everyone to get on board. The programme does not seem to be a success though. Growth in 11Q3 (0.5%) was in line with expectations.

Country Report

China (Country report)

In China, real GDP growth is slowing gradually to 8.5% in 2012 under the baseline, soft landing scenario. However, a number of downside risks are present. Inflation is easing and in 2012 and 2013, China’s top leadership will be replaced.

Economic Update Dutch version

Economic Update Spain

The available production-, sales- and sentiment indicators for the third quarter of the year point to slowing economic growth. Employment took a bit hit, which pushed up the seasonally adjusted unemployment count to over 5 million people.

Economic Report

Cooperative banks in the spotlights

The United Nations has declared 2012 the International Year of Cooperatives. Therefore the European cooperative banks are the focus in this study. What are these banks’ key characteristics? And how are they performing in these turbulent times?

Country Report

Egypt (Country update)

After the revolution in the beginning of this year, Egypt’s political situation is still unstable. The main political risks include tensions between the Christian Coptic minority and Islamic parties, as well as the military not handing over power.

Country Report

Taiwan (Country update)

Although Taiwan witnessed an economic downturn during 2008/2009, the country has managed to recover well, recording 10.9% growth in GDP in 2010.

Country Report

Turkey (Country update)

Slower growth in the second quarter helped calm the economy, thereby reducing the risk of overheating the Turkish economy. Another concern is that the domestic credit growth rate is expected to reach roughly 35% in 2011 (from 27% in 2010).

Country Report

Country Report Saudi Arabia

The Saudi Arabian economy is highly reliant on its oil resources. As it possesses a quarter of the world’s proven oil reserves and is the world’s only “swing producer” since it has considerable capacity to extract more barrels from its sources, the country plays an important international role.

Country Report

Country Update Maldives

The economy of Maldives is forecast to grow around 5-6% in 2011/12, helped by recovering tourism arrivals. However, the Maldives struggles with massive deficits on the fiscal and current account balance.