RaboResearch - Economic Research

Country Report

Country Report Ethiopia

Ethiopia continues to record robust growth. However, the state-led development model is con-straining the private sector and has resulted, from time to time, in macroeconomic imbalances, and therefore seems unsustainable in the long term.

Country Report

Country Report Nigeria

After a rebasing exercise, Nigeria became the largest economy of Africa. However, this does not reduce Nigeria’s large structural issues, and instability and violence could worsen ahead of elections in 2015.

Country Report

Country Report Egypt

A generous financial lifeline from the GCC countries kept the Egyptian economy afloat in 2013 and will do so again in 2014. However, persistent polarisation of the Egyptian society makes the country’s future highly uncertain.

Country Report

Country Report Mexico

Economic growth in 14Q1 was slightly disappointing, but Mexico’s economic outlook is improving considerably, as almost all intended structural reforms are approved. The most important one –energy- is likely to be approved soon.

Country Report

Country Report Russia

Due to the Ukraine-Russia conflict, Russia’s economy deteriorated; growth fell and the Ruble depreciated. In recent weeks the situation has improved, but risks remain to the downsize, as we may not exclude additional sanctions from the west.

Country Report

Country Report Thailand

After the May 22 coup, Thailand is under military control. The risk of large and violent protests remains present. The democracy is unlikely to be restored in the short-term. Whilst in control, the military aims to restore economic growth.