RaboResearch - Economic Research

Economic Report

Emerging Europe: caught without an umbrella

Central and Eastern European (CEE) countries are rapidly becoming the first casualties in the euro zone’s war on debt. How is the eurozone crisis affecting or could come to affect the economic stability of CEE?

Country Report

Russia (Country report)

The Russian economy remains too reliant on its oil and gas sector while corruption remains deeply embedded. The biggest change since our May 2011 update is the announcement that PM Putin will run for president.

Country Report

Slovenia (Country report)

Owing to its close ties with neighboring Italy and various domestic problems, Slovenia has been suffering from contagion from the euro area debt crisis. Its economic recovery remains highly export-dependent on the back of a sizable banking crisis.

Country Report

Turkey (Country update)

Slower growth in the second quarter helped calm the economy, thereby reducing the risk of overheating the Turkish economy. Another concern is that the domestic credit growth rate is expected to reach roughly 35% in 2011 (from 27% in 2010).


Poland up to 2022: Fish nor Fowl

The Country Risk Research team of Rabobank’s Economic Department presents to you the study ‘Poland In depth: ten years ahead’. With this study we aim to provide an in depth analysis of Poland and point out the key developments in the next decade.

Country Report

Poland (Country report)

Economic growth is expected to be robust at around 4% this year. However, the risks of economic headwinds are rising – EU slowdown, strong Swiss franc, and fiscal consolidation.

Country Report

Uzbekistan (Country report)

Uzbekistan’s commodity driven economy has benefitted from higher commodity prices and the economic recovery in Russia. However, official figures should be interpreted with caution. Economic policies continue to support growth which is fuelling inflation.

Country Report

Bosnia and Herzegovina (Country report)

After the devastating war in the early ‘90s, Bosnia and Herzegovina (BH) has managed to get itself back on track economically, although many problems remain. Structural unemployment, a big current account deficit, a lack of well-enforced property rights and an bureaucratic and complex fiscal system are just a few of the problems that need solving.

Country Report

Czech Republic (Country report)

Despite strong economic growth in the Czech Republic’s main trading partner Germany, the country’s economic recovery remains sluggish amidst ongoing budgetary consolidation and relatively tempered export growth.

Country Report

Slovak Republic (Country report)

The small open economy of Slovakia rebounded comparatively well from the 2009 recession, posting 4% economic growth in 2010 on the back of strongly recovering exports. Domestic demand, however, did not yet contribute to economic growth and its contribution in the coming years will be limited by the government’s austerity measures.

Country Report

Macedonia (Country report)

Economic growth in Macedonia is recovering from the global financial crisis and is expected to increase to around 2-3% in 2011/12.

Country Report

Poland (Country update)

The general trend in Poland is continuation. Economic growth was solid at almost 4% in 2010 and is expected to stay at this level this year. The key factor will be whether investment will kick in again.

Country Report

Russia (Country update)

Russia’s economic recovery from the global financial and economic crisis has been disappointing. Real GDP growth amounted to a slightly lower than expected 4% last year. In spite of recent high oil prices, growth actually slowed in the first quarter of this year.

Country Report

Croatia (Country report)

The Croatian economy is slowly recovering from the global crisis that hit the economy in 2009. The crisis further worsened the country’s twin deficits and external debt increased to 101% of GDP (2010). Moreover, unemployment rose from 15.1% in 2007, to 17.6% in 2010.

Country Report

Serbia (Country Report)

Serbia’s economy is still weak as it posts twin deficits. The balance of payments position is weak as the continuously large current account deficits require debt financing. Even so, Serbia’s external position has improved since the nadir during the global financial crisis in 2008.