RaboResearch - Economic Research

Special Dutch version

Outlook 2012 (full report)

In 2011, we have seen a sluggish continuation of last year's weak recovery from the Great Recession. There are now, however, indications that the economy is once again heading towards a considerable slowdown in growth.

Special Dutch version

Worse before it gets better

We have never actually exited the financial crisis. The problem simply shifted from consumers' assets to the banks balance sheets and ultimately landed on governments’ laps, which in Europe are currently attempting to transfer it to a supranational level.