RaboResearch - Economic Research

Country Report

Country Report Luxembourg

Although Luxembourg’s austerity effort is limited, in combination with the slow recovery in the eurozone, it will hamper economic growth during 2013. Supervisory reforms might have an impact on its position in the international financial sector.

Country Report

Country Report France

The recent decennium shows a gradual deterioration of the strength of the private sector. President Hollande has shown he is willing to address this, but we seriously doubt whether his reforms will be sufficient to change France’s economic model.

Country Report

Country Report Greece

In November 2012, the Troika relaxed Greece’s budget and privatization targets and there was a deal to bring down the government debt. Although positive, we still believe a further debt restructuring is necessary to make the debt more sustainable.

Country Report

Country Report Portugal

Implementation of Portugal’s bailout program remains broadly on track. Considerable progress has been made, especially regarding the implementation of structural reforms. That said, we stress that political stability must not be taken for granted.

Country Report

Country Report Canada

The budgetary problems of the US government could affect Canada significantly. Furthermore, the continuing strength of the Canadian dollar is weighing on exports. Domestic risks stem from high household indebtedness and a slowing housing market.

Country Report

Sweden (Country report)

Sweden experienced a very robust economic recovery and the current momentum bodes well for a continuation of this trend. Given the sound position of public finances, future harsh austerity measures are no direct necessity. Besides that, the Swedish economy is characterized by very strong fundamentals.