Economic Comment
Argentinians vote: Macri, carry on!
On 22 October, Argentina held legislative mid-term elections and the ruling coalition Cambiemos claimed the victory - an important vote of confidence regarding its reform path.
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19 Publications
Economic Comment
Wel zon, maar geen komkommertijd voor de wereldeconomie (Dutch)
Het gaat niet slecht met de wereldeconomie, maar er is geen reden tot juichen. Politieke risico’s binnen en buiten Europa zijn nog steeds substantieel en er hangt onzekerheid boven financiële markten over de normalisatie van het monetaire beleid.
Economic Comment
Latin America: F&A sector dynamics in Brazil
Economic activity in Latin America has been slowing down, but there still are pockets of opportunity. One example is the F&A sector in Brazil, which has performed much better than the overall economy.
Economic Comment
Brazil: Lula’s interrogation, check mate for Dilma?
On 4 March the Federal Police held former president Lula for questioning in the Lava Jato corruption case. President Rousseff is now less likely to finish her term. This does not necessarily translate into significant policy improvement.
Economic Comment
With a little help from judge Griesa, Argentina could be turning tables
Following a court ruling in new York on 19 February Argentina is one step closer to solving a 15 year old debt saga and to regaining access to international markets. However, several conditions have to be met first.
Economic Comment
In oil, rebalancing is the key word
According to the World Energy Outlook of the International Energy Agency the oil sector is adjusting to the new reality after the sharp oil price shock of 2014. And that translates to low though increasing oil prices.
Economic Comment
Brazil is back to junk
Brazil lost its investment grade with S&P on 9 September. The downgrade underlines Brazil’s enormous fiscal challenges. Political headwinds could further darken the fiscal and economic outlook.
Economic Comment Dutch version
Brazil 'downgrades' its fiscal target
Brazil revised its fiscal target downwards significantly. That bodes well for credibility, but also evaporates the room for fiscal slippage. A challenging economic and political environment further complicate the situation.
Economic Comment
Brazil: Petrobras’ economic fallout contained for now, but risks persist
A Brazilian sovereign downgrade to junk has been averted for now, as state-owned oil company Petrobras published audited accounts on 22 April. Still, risks persist.
Economic Comment
Wereldeconomisch commentaar: de eurozone op weg naar deflatie? (Dutch)
In de afgelopen weken is de olieprijs fors gedaald. Mocht deze voor langere tijd laag blijven, dan is dit een positieve impuls voor de wereldeconomie. Een neveneffect is dat de kans op tijdelijke deflatie in de eurozone aanzienlijk is toegenomen.
Economic Comment
Brazil and elections aftermath: what next?
Yesterday, president Dilma Rousseff won a second term in office in a tight race. Her victory does not bode well for the highly-needed structural reforms in the country.
Economic Comment
Mondiale economie kabbelt voort (Dutch)
De groei van de wereldeconomie versnelt langzaam. Zoals verwacht vertragen de economieën in de opkomende markten, geleid door China, en versnellen de economieën in de geïndustrialiseerde wereld. Ondanks het iets vertraagde herstel in de eurozone.
Economic Comment
Argentina defaults again
This week, Argentina was unable to reach an agreement with the holdout creditors from the 2001 default. In effect, this means that the sovereign has now defaulted on its debt obligations for the second time this century.
Economic Comment
Wereldeconomisch commentaar: een betere tweede helft? (Dutch)
Nadat het eerste kwartaal van dit jaar in economisch opzicht voor veel landen tegenviel, wordt de hoop gevestigd op een betere tweede helft. Per saldo verwachten we dat de hoop werkelijkheid wordt. Echter niet alle landen laten hetzelfde beeld zien.