Country Report
Luxembourg: staying on top in a changing environment
Luxembourg continued to show robust growth in 2015. New fiscal and financial regulation is heading towards Luxembourg, challenging its financial sector-driven growth model.
RaboResearch - Economic Research
10 Publications
Country Report
Italy: Banking sector weakness hampers economic recovery
Economic growth is expected to remain subdued in the coming years, with the weak banking sector unable to support the recovery. Some major reforms achieved over the past years still have to prove their effectiveness, while reform progress will slow.
Country Report
Spain: Strong economic growth masks risks related to political instability
The short-term economic outlook is strong. But, continued reform progress and fiscal consolidation are necessary to improve debt sustainability and the weak external position. The outlook for both is rather weak due to the current political instability.
Country Report
Belgium: recovery at a snail's pace
The centre-right government has successfully implemented several policy measures to improve Belgian price competitiveness. High public debt, inflation and security issues are the most prominent downward risks for a stable economic recovery.
Country Report
Germany: stable economic growth with challenges ahead
The German economy performs well on the back of a competitive export sector and is rebalancing towards domestic demand, driven by a strong labour market. The recent surge in immigration poses a significant challenge for the German economy.
Country Report
Country report United Kingdom
The UK economy has seen more balanced growth lately: wage growth has returned, debt levels are gradually falling and the housing market has cooled down. However, a low Euro weighs on export performance while the risk of a Brexit has increased.
Country Report
Country report Portugal
The Portuguese economy returned to growth in 2014 but medium term prospects remain weak. Meanwhile, with an election this year, the reform effort while this year’s budget is based on overly optimistic assumptions.
Country Report
Country Report Spain
The Spanish economy is expected to maintain its competitiveness while domestic demand strengthens. The low quality of employment created may hurt productivity growth. We expect to see political fragmentation at the national level.
Country Report
Country report Ireland
The strong rebound of the Irish economy supported private sector deleveraging while the housing prices rebounded strongly. With the budget deficit down and political stability enduring, the situation in Ireland is set to improve further.
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.