RaboResearch - Economic Research

Country Report

Country Report South Korea

Economic growth has accelerated last year, and is expected to rise to 3.4% this year. In the face of tapering, South Korea is confronted with an uncertain external environment. However, so far the impact has been limited.

Country Report

Country Report Azerbaijan

While the financing deal with Russia alleviates Ukraine’s external financing pressures, the deal is not without risk. The anti-government protests have increased pressure on President Yanukovych’s hold on power. Meanwhile, the domestic currency remains under pressure.

Country Report

Country Report Ukraine

While the financing deal with Russia alleviates Ukraine’s external financing pressures, the deal is not without risk. The anti-government protests have increased pressure on President Yanukovych’s hold on power. Meanwhile, the domestic currency remains under pressure.

Country Report

Country Report Brazil

Brazil’s current account deficit has increased strongly in 2013, but the large foreign exchange reserves continue to mitigate balance of payments risks. Meanwhile, the central bank has continued its aggressive tightening cycle.

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 Malaysia

The 2013 elections kept the ruling BN coalition in charge of Malaysia, but losing the popular vote gave the coalition a wakeup call. The outlook for economic growth is stable, although the high household debt poses a medium term risk

Country Report

Country Report Bermuda

Bermuda’s economic performance has been weak in recent years, as the global economic slowdown had a negative impact on the important (re)insurance and tourism sectors.

Country Report

Country Report Costa Rica

Although Costa Rica’s economic performance is still good, the deterioration of public finances and the inability of the government to implement consolidation measures are reason for concern.

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.

Country Report

Country Report Chile

In March 2014, Michelle Bachelet will become Chile’s next president. She has an ambitious reform agenda and aims to reform the tax and education system. Despite a slowdown in late 2013, the growth outlook remains relatively good.

Country Report

Country Report Lebanon

Economic growth was weak at 1.3% in 2013, as violence in Syria spilled over into Lebanon. While a political impasse keeps reforms on hold, the Central Bank’s stimulus package might help improve performance in 2014.

Country Report

Country Report Jordan

Economic growth is expected to remain subdued at around 3.5-4% in 2014. The budget balance is expected to improve slightly in 2014, but public finances remain too dependent on foreign aid. Meanwhile, Jordan’s position on the conflict in Syria remains uncertain.

Country Report

Country Report Uruguay

With general elections scheduled in October, 2014 will be an important election year for Uruguay. Meanwhile, several important investment projects have become controversial.