RaboResearch - Economic Research

Economic Report

Democracy, Brazilian style

Brazil’s political system generally makes it difficult and time-consuming to implement far-reaching reforms. Furthermore, the system seems to be affected by a lot of patronage and corrupt practices. In this report we explain why this is the case.

Economic Report

Brazil’s social challenges

In the past decade, Brazil has managed to substantially bring down its traditionally high levels of inequality and poverty. However, inequality is still high and relatively weak public services result in institutional inequality.

Economic Report

Brazil’s economic model: In need of a revamp

The recent performance of the Brazilian economy has been disappointing. We conclude that consumption and commodity exports cannot continue to drive growth. To reinvigorate its economic model Brazil needs to increase investment and productivity.

Economic Report

Brazil’s macro economy, past and present

Brazil’s has turbulent macroeconomic history. Since the launch of the Plano Real in 1994, Brazil’s macroeconomic environment has become increasingly. However, more recently growth has disappointed.

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.

Economic Update

Brazil: Economy contracts in third quarter 2013

The third quarter was disappointing for Brazil, as GDP contracted for the first time since 2009 on a quarterly basis. Growth in the coming quarters is likely to be somewhat stronger, but leading indicators suggest that momentum remains rather weak.

Economic Update

Conjunctuurbeelden eurozone (Dutch)

De groeicijfers van het tweede kwartaal van 2013 laten een gemengd beeld zien. Zo presteerde de Duitse economie goed, maar bleven Spanje en Italië in recessie. Onze Conjunctuurbeelden in één overzicht.

Economic Update

Brazil: Growth accelerates, but new slowdown likely

Brazil’s economy grew surprisingly fast in 13Q2. In particular, the strong investment growth realised is highly welcome. However, we expect growth to slow down in the second part of 2013.

Country Report

Country Report Brazil

The recent mass protests show that Brazil’s middle class has become more vocal in its demands for better public services. Meanwhile, economic growth has continued to disappoint.

Economic Update

Brazil: Recovery continues to disappoint

Growth in Brazil disappointed once again in 1Q2013. Investment was very strong, but we expect it to become less vigorous in the rest of the year. Meanwhile, private consumption slowed down strongly. We now expect growth of only 2¼% this year.

Economic Update

Economic Update Brazil

For the Brazilian economy, 2012 has been a very disappointing year, as GDP growth fell to 0.9%. So far, the recovery of the Brazilian economy has been weak, but in recent months some positive developments became visible.

Country Report

Country Report Brazil

With GDP growing by only 1%, 2012 has been a disappointing year for Brazil. Low unemployment and investment will constrain economic growth in the coming years. However, the government seems somewhat more willing to address Brazil’s structural issues.

Country Report

Brazil (Country Update)

Brazil's economic growth has been disappointing, with growth falling to 2.7% in 2011 and an expected 2% (at most) in 2012. The central bank has been lowering its policy rate to a record-low 7.5%.

Country Report

Brazil (Country report)

Brazil’s economy grew by only 2.7% in 2011, after the high 7.5% growth of 2010. The government has tried to stem the appreciation of the real by further tightening its capital controls.

Economic Quarterly Report

Economisch Kwartaalbericht (integrale versie) (Dutch)

Snel ingrijpen in de overheidsfinanciën door extra te bezuinigen zal de economie die al in een nieuwe recessie verkeert onnodig schade toebrengen. Hoe langer deze hervormingen op zich laten wachten, hoe groter de kosten zijn voor de samenleving.