RaboResearch - Economic Research

Economic Quarterly Report Dutch version

China: a balancing act between growth and reforms

The government is currently performing a balancing act between keeping the economy going and safeguarding social and financial stability. Authorities continue to follow a step-by-step strategy to reduce excess capacity in heavy industry state-owned enterprises.

Economic Quarterly Report Dutch version

China: when will the hangover of the debt binge set in?

Macro economically, China is in calmer water now but medium term risks have been on the rise, at the same time. Debt keeps piling, especially for state owned enterprises, which boast ever lower profits. As a result the asset quality of loans, and consequently financial stability, are coming under pressure.

Country Report

United Arab Emirates: weathering low oil prices on the back of large buffers

Although the UAE’s economy is more diversified and less dependent on the oil sector than the surrounding Gulf States, low oil prices will continue to negatively affect economic and fiscal metrics. Despite the expected twin deficit in 2016 and 2017, we won’t expect any problems in meeting financing requirements due to UAE’s considerable sovereign wealth fund.

Country Report

Belgium: recovery at a snail's pace

The centre-right government has successfully implemented several policy measures to improve Belgian price competitiveness. High public debt, inflation and security issues are the most prominent downward risks for a stable economic recovery.

Economic Quarterly Report

China: kopzorgen over kapitaalvlucht (Dutch)

De economische groei in China zal in 2016 relatief laag blijven, waarbij de onzekerheden zijn toegenomen. Hoewel de economische situatie lijkt te zijn gestabiliseerd, blijft de omvangrijke kapitaalvlucht een punt van zorg.