RaboResearch - Economic Research

Economic Update Dutch version

Monthly Update The Netherlands

One might think that the Dutch economy has fully recovered from the deep economic recession of 2009. However, despite the strong growth in the industrial sector, growth in the first quarter is unlikely to rise much above zero on a quarterly basis.

Economic Update Dutch version

Economic Update Spain

Similar to the last quarter of 2010, export growth is set to grow at a healthy clip in the first quarter of 2011. Domestic demand on the other hand is still very weak.

Economic Update Dutch version

Economic Update United Kingdom

The preliminary GDP growth figure for 11Q1 (+0.5% q-o-q after -0.5% in 10Q4) shows that the UK economy has completely ground to a halt since last autumn.

Country Report

Country Report Iceland

Economic activity in Iceland continued to fall in 2010. However, in 2011 the economy may slowly begin the recover.

Country Report

Brazil (country report)

After posting 7.5% economic growth in 2010, the highest growth rate in 24 years, we expect the economy to grow at a slower pace in 2011. This is welcome, as inflation has been approaching the upper bound of the target range.

Country Report

Australia (Country report)

The Australian economy has weathered the global financial and economic crisis relatively well and the deterioration in the public budget balance is easily accommodated by the low sovereign debt level.

Country Report

Greece (Country report)

The Greek austerity and reform programme has been broadly successful in making a running start in 2010. For 2011 the programme is at a cross-roads as the distance yet to cover remains impressive, in terms of both budgetary consolidation and structural reforms.

Country Report

Finland (Country report)

Based on the stronger than expected economic recovery in 2010 and on the current robust momentum, we are fairly optimistic about the Finnish growth prospects for the coming years.

Country Report

Belgium (Country report)

The ongoing political stalemate poses a threat to the necessary structural adjustments of the government budget. We don’t expect a satisfying level of budgetary adjustments in the short term and are unsure about the resulting sentiment in financial markets.

Country Report

France (Country report)

The French economy recovers gradually and the outlook for the coming years is that the economy will stick to this path of moderate economic growth.

Country Report

Switzerland (Country report)

The Swiss economy is on the path to recovery owing to expansionary monetary and fiscal policies combined with a quick rebound in world trade. That said, a further strengthening of the Swiss franc can pose significant challenges for exporters and monetary policymakers alike.

Country Report

Trinidad and Tobago (Country report)

The hydrocarbon-dependent economy of Trinidad and Tobago was hit hard by the global economic downturn. Oil and gas prices tumbled and one of the country’s largest financial conglomerates had to be bailed out by the government.

Country Report

Uruguay (Country report)

Uruguay’s economy grew rapidly in 2010, fuelled by both domestic and external demand. There is now some overheating risk, as inflation has increased above target in early 2011, while unemployment has reached historically low levels.

Country Report

Argentina (Country update)

On the back of high commodity prices and very expansionary fiscal and monetary policies, Argentina’s economy has been growing rapidly. This has resulted in high inflation and a shrinking current account surplus.