Economic Update
The Netherlands – Navigating an Uncertain Economic Outlook
We were moderately positive about 2022, despite growing concerns about the high inflation prints. But that was all before Russia’s invasion of Ukraine.
RaboResearch - Economic Research
9 Publications
Special
Will Europe be left in the cold next winter?
The current energy crisis has highlighted the geopolitical risks associated with our dependence on Russian gas. The EU aims to become fully independent from Russian energy, but replacing Russian gas fully is easier said than done.
Dutch Housing Market Quarterly Dutch version
Double-digit house price growth this year, despite increased uncertainty
Property prices are expected to continue rising sharply this year, despite the war in Ukraine. The property price records point to overheating, but not necessarily to a housing market bubble. Although the risk of bubble formation is increasing.
Economic Quarterly Report
Economic growth in the Netherlands expected to weaken due to war in Ukraine
The war in Ukraine is expected to lead to strongly rising prices and impediments to foreign trade, resulting in lower economic growth in the Netherlands this year.
Special
High EU Carbon Prices Are Structural, and Inaction Is Not an Option
The EU’s carbon market is going through a perfect storm of disruptions. Despite the current turbulence, we expect a structurally high EU carbon price for the long term. Companies affected by the EU ETS must start drafting their adaptation strategies.
Special
New Zealand: Two sides of the same coin
The economic effect of Omicron will be contained in Q1 before growth accelerates from Q2 onwards. However, higher prices and lower global growth, fuelled by the war in Ukraine, drag on economic growth in the second half of 2022. As such, the recovery is likely to be not as strong as it looks at face value.
Special
EU ETS Basics: How a Market Can Help Reduce GHG Emissions
Urgent decarbonization requires significant investments. The EU’s carbon market, the EU ETS, was deployed in 2005 to enable them. This paper covers its story and basic principles, and how can it help trigger decarbonization investments.
Special
War in Europe: is a recession now inevitable?
The war in Ukraine has significantly raised the risk of a recession in the Eurozone this year. With its large exposure to key Russian and Ukrainian import goods inflation could rise even faster and amplify a ‘supply shock’ that had already been in the making.
