RaboResearch - Economic Research

Country Report

Country Report Russia

Russia’s oil and gas dependent economy has started to recover slowly from the sharp downturn in 2009, with real GDP growth estimated at 4.2% and 4% in the next two years.

Country Report

Taiwan (Country report)

The island of Taiwan has a dynamic, capitalist economy which has sharply rebounded from the effects of the global financial crisis. Economic activity will expand by over 9% yoy in 2010, a large improvement from the 1.9% contraction in 2009.

Country Report

Maldives (Country report)

A structural country risk the Maldives are facing is climate change. If the sea level rises only by a couple of meters, the majority of the Maldives will be submerged. The political situation is very unstable, as the opposition and the ruling party are frequently at loggerheads hindering any progress on reforms.

Country Report

Angola (Country report)

Angola’s economic performance is almost completely determined by the global demand for oil. In fact, oil related taxes amount to 90% of total taxes. It is therefore not surprising that Angola’s economy took a hit when oil prices dropped dramatically as a result of the global recession

Country Report

Cyprus (Country report)

Cyprus has performed relatively well in the face of the global recession. Although it especially suffered from reduced foreign demand, growth is expected to pick up, albeit slowly.

Country Report

Ghana (Country update)

The large macroeconomic imbalances with which Ghana entered the global financial crisis have narrowed recently. However, there are still sizeable vulnerabilities.

Country Report

Country Report Morocco

Morocco’s stable growth and banking sector, despite the global crisis, mark the county’s present relatively sound economic state.

Country Report

Morocco (Country report)

Morocco’s stable growth and banking sector, despite the global crisis, mark the county’s present relatively sound economic state.

Country Report

Cameroon (Country report)

In the past, Cameroon benefited from being a small oil-exporting economy (10% of GDP, but 40% of exports and fiscal revenues in 2008). Oil exploitation created fluctuating trade and budget surpluses and attracted inward foreign investments.

Country Report

Country Report Hungary

Hungary struggled through the financial and economic crisis in 2009. The economy shrunk by 7% and there was little room for fiscal stimulus as Hungary had to adhere to the conditions of the IMF attached to the aid package.

Country Report

Country Report Bulgaria

Similar to other Eastern European countries, the financial crisis hit Bulgaria mainly through a drop in export demand, tighter credit facilities and general risk aversion against the region. The economy shrunk by 5% in 2009.

Country Report

Malaysia (Country report)

The global recession in 2009 hit Malaysia via the trade channel. The highly export dependent economy experienced a steep decline in external demand for its export products last year.

Country Report

Country Report Ukraine

Ukraine’s country risk profile has improved somewhat recently, but overall risks remain high. A new government, controlled by the party of newly elected president Yanukovych, has taken power, which has ended the political paralysis and infighting of the preceding years.

Country Report

Sri Lanka (Country report)

The end of the civil war has boosted long-term economic prospects for Sri Lanka. The economy is expected to grow over 6% in 2010. However, the humanitarian situation remains poor since the government has failed to address the grievances of the Tamil minority.