RaboResearch - Economic Research

Country Report

Country Report Brazil

Economic growth in Brazil is likely to fall below 1% in 2014, as both investment and consumption have been weakening. In the second quarter, the economy officially entered a recession. Meanwhile, the October 2014 presidential elections have become very competitive after Marina Silva’s entry to the race.

Country Report

Country Report Sint Maarten

St. Maarten has experienced moderate economic growth in 2013. One of St. Maarten’s challenges remains building up an institutional framework, as it currently lacks the human and financial resources to develop a good functioning administration.

Country Report

Country Report Curaçao

Curaçao had a slightly disappointing economic performance in 2013. However, both Curaçao’s external position and public finances improved. Nevertheless, these remain important weaknesses.

Country Report

Country Report Tunisia

Two political assassinations threw Tunisia in a crisis and hurt economic growth in 2013. In 2014, the political and security environment improved, as a new technocratic government fostered progress on the transition to democracy.

Country Report

Country Report Botswana

As Botswana is heading for elections, more is likely to stay the same. The same party will continue to rule (since 1966), and the country remains overly dependent on diamonds.

Country Report

Country Report Angola

Stagnating oil production lowered economic growth in 2013, highlighting Angola’s dependence on the energy sector. The political scene was dominated by a succession debate.

Dutch Housing Market Quarterly Dutch version

Housing market recovery continues

The recovery on the Dutch housing market continues. The market bottomed in mid-2013, in terms of both price and sales numbers. We envisage a strong increase in owner-occupied sales and a small house price increase in 2014 and 2015.

Country Report

Country Report Uzbekistan

Real GDP growth in Uzbekistan is likely to weaken somewhat in the coming years, but remain sound on the back of high (public) investment growth. Would president Karimov decide to run for another term, political uncertainty will be eased, but only temporarily.

Economic Update Dutch version

Consumer spending creates tailwind for Dutch economy

In our most recent estimate for the Dutch economy, we expressed our expectation of a contraction in consumer spending compared to last year. However, this expectation may yet be exceeded thanks to a recovery in the consumption of durable goods.

Country Report

Country Report Mongolia

Mongolia’s foreign exchanges reserves have decreased rapidly, as FDI in the mining sector has plunged, while import demand has remained high on the back of loose macroeconomic policies.

Economic Comment

Argentina defaults again

This week, Argentina was unable to reach an agreement with the holdout creditors from the 2001 default. In effect, this means that the sovereign has now defaulted on its debt obligations for the second time this century.