Economic Report
The great Brexit gamble paid off
The great Brexit gamble paid off: Prime Minister Johnson got his majority in the House of Commons and he will now be able to ‘get Brexit done’. The UK will leave the EU by January 31.
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Economic Quarterly Report Dutch version
Global economic outlook: Recession in the US will be temporary, but slow growth in Germany is structural
We expect the global economy in 2020 and 2021 to show the slowest rate of growth since the financial crisis. This is mainly because the global economy is reaching the limits of its output capacity and industrial activity and world trade are weakening further.
Special
The WTO dispute settlement crisis. Back to the GATT regime?
Since 2017 the US has blocked the appointment of new members of WTO’s Appellate Body, which per 11 December is unable to fulfil its tasks. Consequently, trade disputes would again have to be resolved according to the GATT regime, means trade rules will be dictated by the most powerful countries.
Special
The Great Brexit Gamble
Even though PM Johnson’s Brexit deal would only lead to limited checks, we don’t expect the EU to accept his proposal. They are treading carefully to avoid any blame and count on the UK Parliament to prevent a no-deal Brexit on October 31.
Special
We can’t rely on China to drive global economic growth again
China’s lower economic growth together with smaller and more targeted stimulus compared to previous episodes dampen the global outlook. Together with a potential shift in global policy responses, this likely means a new shift lower in bond yields again soon.
Special
Very dangerous European cars part II
Soon, President Trump will announce what to do with tariffs on EU cars. We think he will not hike tariffs just yet, but will keep the tariff threat alive. Within the EU, the German and Hungarian economy are most vulnerable to higher car tariffs in the US.
Economic Comment
Spanish elections: Día de la Marmota
Spain’s elections failed to solve the deadlock in parliament. Scraping a majority will be extremely difficult. The stalemate will not send the economy into crisis, but it prevents the economy and public finances from being prepared for one.
Economic Report
Spanish elections: take four!
Sunday’s elections in Spain are unlikely to break the deadlock in parliament. The economy will continue to grow relatively fast in the short term, but growth is slowing while unemployment is still high and public finances weak.
Special
German fiscal stimulus: Will politicians heed the call?
Trouble in the German economy has more structural groundings than just the trade war. The aging population will have a significant downward effect. We compute the impact of two investment packages for R&D, education and infrastructure.
Economic Report
India could miss the shift underway in global trade, unless...
In our Where Will They Go index (including market size), India tops the list of countries that might benefit from the US-China trade war. The current economic slump weighs on India’s attractiveness as investment destination, which required the government to act by launching structural reforms.
Economic Comment
Eurozone economy: A party without cake
The Eurozone economy grew with 0.2% in 19Q3. At first sight maybe little to cheer about, but given the trade tensions and ailing manufacturing sector, worth a minor celebration. Maybe more importantly, for now this is as good as it gets.
Economic Report
Brexit Update - Extension rebellion
Whilst ‘Super Saturday’ turned into a Brexit anti-climax, it also became clear that Prime Minister Johnson actually might have the numbers to get his deal through. This may change when the deal will be scrutinized.
Video
Which countries might benefit from the US-China trade war? (video)
Rabobank economists Hugo Erken and Raphie Hayat talk about what the US-China trade war means for Southeast Asia. Will US companies in China leave? And if so, where will they go? Will Southeast Asian countries emerge as winners from the trade war? Find out in this video update.
Economic Report
Storm in a tea cup or first step towards a transatlantic trade war?
In this report we assess the potential impact of US tariffs on European Union export goods worth USD 7.5bn. The use of a standard GTAP trade model enables us to analyse the economic impact across sectors and countries.