Special Dutch version
While there will be a devaluation of the Chinese renminbi, the dollar will also become stronger more generally in 2016, due in part to the Fed’s interest rate increases. The ECB is more likely to do the opposite, which will weaken the euro/dollar currency pair further still. Slightly higher capital market rates can be expected though.
Economic Quarterly Report Dutch version
Economic growth in EMs disappoints again due to lower commodity prices and China’s slowdown. Higher growth in the Eurozone will result in a pick-up of growth in developed countries, but this will not be enough to prevent a slight slowdown in global growth.
Economic Report Dutch version
TTIP and TPP are two large free trade agreements that could boost trade and GDP in the US and the EU, and the US and a dozen Pacific countries.
Economic growth has slowed as a result of low oil prices and tax hikes, but going forward external demand and investment will support growth. Oil reform will further induce FDI but the security situation in some region remains challenging.
Puerto Rico’s government is on the very verge of a default. Structural problems, economic shocks and weak public finances have yielded a decade of economic stagnation, outmigration, fiscal deficits and an unsustainable public debt.