Special Dutch version
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.
Special Dutch version
While there will be a devaluation of the Chinese renminbi, the dollar will also become stronger more generally in 2016, due in part to the Fed’s interest rate increases. The ECB is more likely to do the opposite, which will weaken the euro/dollar currency pair further still. Slightly higher capital market rates can be expected though.
Economic Comment
Door de onlangs gesloten raamwerkovereenkomst zullen Westerse sancties tegen Iran mogelijk opgeheven worden. Als deze deal er komt zal Iraanse olie weer toegang hebben tot de wereldmarkt, wat olieprijzen verder zal drukken dan tot dusver werd verwacht.
