RaboResearch - Economic Research

Country Report

Country Report Dominican Republic

Economic growth cooled markedly in the Dominican Republic, while strong pre-election spending led to a deterioration of public finances. The balance-of-payments position remains weak and could deteriorate further if PetroCaribe support were to end.

Country Report

Country Report Malaysia

Driven by strong domestic demand, real GDP is estimated to have grown by 5.2% in 2012, but weak external demand may lead to a growth slowdown this year. In mid-2013, general elections will be held that will likely be won by the current government.

Country Report

Country Report Bermuda

Following its fourth year in recession, Bermuda’s economy is expected to stagnate this year. The local government has to embark on fiscal consolidation soon, but these efforts should not affect the island’s important (re)insurance sector.

Country Report

Country Report Chile

Chile’s economy has continued to perform well in 2012. As elections will take place in October, 2013 will be an important political year. One of the main tasks of both the current and a new government is preventing an energy crisis.

Country Report

Country Report Kazachstan

President Nazerbayev rules in an authoritarian manner and has no significant opposition. The banking sector remains weak as it is still recovering from a default of the country’s third largest bank. For 2013, the economy is estimated to grow by 7%.

Country Report

Country Report Ukraine

The political situation in the Ukraine is troubling, since President Yanukovych is ruling Ukraine in an authoritarian manner. The economy is in bad shape as the country is running twin deficits and in desperate need of additional external financing.

Country Report

Paraguay (Update country report)

Right when Paraguay seemed to be have recovered from an earlier outbreak of foot and mouth disease, a new outbreak was reported in early January. Meanwhile, Paraguay has also been hit by a drought.

Country Report

Country Report Turkey

After nearly overheating in 2011, Turkey’s economic growth came to a halt in 2012, as the government and Central Bank successfully cooled domestic demand and reined in the massive influx of portfolio investments.

Country Report

Country Report Brazil

With GDP growing by only 1%, 2012 has been a disappointing year for Brazil. Low unemployment and investment will constrain economic growth in the coming years. However, the government seems somewhat more willing to address Brazil’s structural issues.

Country Report

Country Report Jordan

The precarious social situation is the largest country risk in Jordan, as protests continue in the wake of the Arab Spring. The country runs substantial twin deficits, which is worrisome. The economy is forecast to grow by 3% in 2013.