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.

Country Report

Indonesia (Country Update)

After growing 4.5% in 2009, the economy is back to its pre-crisis growth level of around 6%. Downside risks to growth are a lower than expected global growth, a reversal of foreign capital flows, and/or a bursting asset bubble.

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.