RaboResearch - Economic Research

Country Report

Country Report Egypt

A generous financial lifeline from the GCC countries kept the Egyptian economy afloat in 2013 and will do so again in 2014. However, persistent polarisation of the Egyptian society makes the country’s future highly uncertain.

Country Report

Country Report South Africa

After a highly difficult 2013, in which domestic and global developments exposed South Africa’s vulnerabilities, ANC’s victory in May’s elections should improve policy and economic perspectives.

Country Report

Country Report Luxembourg

The economy of Luxembourg took a positive turn in 2013 and the already strong fiscal position improved. However, in the longer term, the country needs to deal with challenges such as legislative harmonisation at the EU level and rising ageing costs.

Country Report

Country Report Malta

Stronger economic growth and improved fiscal balances place Malta in a better position than a year ago, but challenges, such as the structurally high public debt, remain.

Country Report

Country Report Tanzania

Bright prospects for the energy sector in Tanzania bode well for the already robust economic growth and gave the country access to international debt markets in 2013.

Country Report

Country Report Bulgaria

In 2013, Bulgaria was plagued by social unrest related to discontent with the high level of corruption amongst politicians. However, the economy benefitted from stronger external demand.

Country Report

Country Report Kazakhstan

Kazakhstan had a less fortunate economic year in 2013, as weak exports led to a twin deficit and economic growth, though picking up, was driven by unsustainable consumer borrowing.

Country Report

Country Report Rwanda

In 2013, temporary aid suspensions had significant economic repercussions for Rwanda. On the positive side, this triggered Rwanda to search for ways to reduce its aid dependency.

Economic Update

Impact of tapering on emerging markets

In this Economic Update we take a closer look at the impact of the gradual slowing down of the rate of asset purchases by the US Federal Reserve (Fed) on the emerging markets.

Country Report

Country Report Cameroon

In 2012, the economic performance of Cameroon improved on the back of the oil sector, while the political risks persisted, despite milestones having been achieved.

Country Report

Country Report Egypt

The ouster of president Morsi placed Egypt on a new political transition trajectory – unfortunately, not a more democratic one. Generous assistance from the GCC countries gives Egypt financial breathing space, but economic perspectives remain bleak due to unaddressed structural problems.

Country Report

Country Report Zambia

Zambia’s reliance on copper exports takes its toll on its external positions, while populist measures and political tensions could make matters worse.

Country Report

Country Report Ghana

Ghana sees robust economic growth on the back of the nascent oil sector, but the lack of fiscal discipline raises concerns about future debt sustainability and increasing vulnerabilities.

Country Report

Country Report Kenya

Peaceful elections in 2013 restored confidence in Kenya’s political stability to some extent and bode well for economic development, while the large twin deficits remain a matter of concern.