Economic Quarterly Report Dutch version
Economic growth will probably weaken in large areas of the world in 2015, resulting in lower global growth. The eurozone is one of the few large global economies that has some momentum, driven by low commodity prices and the weaker euro.
Economic growth in Canada is expected to slow somewhat, as the oil price plunge will negatively impact investment but boost consumption somewhat. The housing market is Canada’s main domestic risk, as high house prices and high levels of debt make households vulnerable to a rate hike.
Economic growth has slowed down and government finances have deteriorated quickly as a result of lower oil prices. After his accession, King Salman has made major changes to the leadership that have consolidated power in the Sudairi clan.
Economic growth in Luxembourg remains strong, but international regulatory changes could chal-lenge the country’s economic model and strong fiscal position in the future.