RaboResearch - Economic Research

Economic Report

The eurozone crisis - where are we right now?

The peripheral countries are at very different stages of economic recovery and rebalancing. Growth has returned and private and public balances have improved. Unemployment and public debt levels remain high, whilst part of the rebalancing may just be cyclical.

Economic Comment

Eurozone (debt) crisis: Country Profile Italy

Public sector debt was already very high and economic growth very weak in the years prior to the crisis. Private sector debt was and still is relatively low. Despite recent structural reforms, the economic outlook remains rather weak and unemployment and public debt high.

Special Dutch version

Outlook 2016: Global Economy

Global growth holds up in 2016, but does not accelerate. With the US poised to hike interest rates, the rest of the world waits anxiously. Normalization of monetary policy poses economic risks, but so does keeping it too loose for too long.

Economic Report Dutch version

Macroeconomic developments in Europe

We expect growth in Europe to accelerate gradually, although the economy has far from fully recovered from the Global Financial Crisis. Substantial deterioration in the Greek situation and/or the geopolitical conflicts remain downside risks.

Country Report

Country report Italy

Italy’s economy shrank again in 2014, and is expected to only recover slowly. Political stability has improved a bit and the government’s reform agenda is promising. Some major reforms have already been achieved, but progress is and will remain slow.

Economic Update

Italy: economic recovery around some corner

In 2014, GDP volume shrank with 0.4%. In 2015, the economy is expected to grow for the first time in four years, albeit very slowly. Initially, the recovery is supported by consumption and foreign demand and next year also by fixed investment.