RaboResearch - Economic Research

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.

Country Report

Country Report Denmark

The economic outlook is improving, public and external balance sheets are healthy, and institutions strong. Denmark’s banking system has become more stable, though large dependence on wholesale funding does pose risks. But, the main source of concern is the very high household debt.

Country Report

Country Report Italy

Italy’s recession has come to an end, but the crisis continues. Though, household financial wealth has remained high and the political situation seems to have improved a bit; yet words still have to be turned into action. Besides, weak institutions and large public debt remain a major issue.

Country Report

Country Report Finland

Finland has to deal with a weak economic outlook, waning export sectors, a rapidly ageing population and private sector debt. That said, its public finances and banking system are solid, institutions are strong and the business sector is competitive.

Country Report

Country Report Italy

Italy has to deal with a severe crisis and large public debt stock. Non-performing loans in the banking sector are on the rise, while government bond yields are vulnerable to political instability. Given large debt dynamics, Italy should improve its potential growth rate to ensure debt sustainability.

Country Report

Country Report Denmark

Growth is hampered by weak external demand and private sector deleveraging. Although the banking sector has come a long way in addressing its weaknesses, challenges remain. Danish public finances are healthy.

Country Report

Country Report Belgium

Weaker growth prospects and political hurdles challenge the government’s commitment to fiscal austerity and the implementation of unpopular, yet necessary, reforms. That said, the country’s underlying economic fundamentals remain strong.

Country Report

Country Report Italy

In 2012, Italy’s GDP contracted amid harsh fiscal austerity measures and ongoing European debt crisis. The weak growth outlook in both the short and the long-term requires firm action by the government.

Country Report

Country Report Finland

The recovery of the Finnish economy slowed in 2012 and the growth outlook for 2013 is weak. The export dependent economy is struggling with weak external demand, but also with structural issues concerning its main export sectors.