RaboResearch - Economic Research

Economic Update Dutch version

Monthly Update The Netherlands

Economic growth for 2010 amounted to 1.7%. World trade remained the driver of the economy through last year. Despite an increase in production and producer confidence, industrial entrepreneurs remained reluc¬tant to invest.

Economic Update Dutch version

Economic Update France

France’s GDP grew in 2010 with 1.5% y-o-y and this year we expect a similar moderate growth. Given a high level of producer confidence we foresee a strong increase in private investment

Economic Update Dutch version

Economic Update United Kingdom

The 0.6% q-o-q contraction of GDP in 10Q4 was in a word, disappointing. The harsh winter explains part of the slowdown but there are unfortunately other signs pointing to a struggling recovery. Warmer weather may lead to a temporary boost in GDP in 11Q1, but the growth outlook in the coming quarters is not much brighter.

Economic Update Dutch version

Economic Update Spain

Spanish GDP in 2010 rose by on average 0.15% a quarter in 2010. Due to a further fall in employment unit labour costs fell. A welcome development, since the economic reco¬very is highly dependent on foreign demand.