RaboResearch - Economic Research

Country Report

South Korea: still going strong

Government stimulus helps South Korea’s economy hold ground against domestic and external headwinds. Tensions with North Korea picked up, but are unlikely to have severe consequences.

Country Report

Argentina: winds of change

Argentina is heading for change as the October 2015 elections are approaching. However, the economic tide will take longer to change as macroeconomic imbalances are large and increasing.

Country Report

Peru: losing steam

Falling commodity prices take their toll on the Peruvian economy and currency. Political vacuum leaves room for more radical outsiders in the 2016 elections.

Country Report

Country Report Brazil

Brazil’s economy is in the doldrums and the recent return to sounder macroeconomic policies, though positive in the long term, will weigh heavily on economic activity in 2015.

Country Report

Country Report Uruguay

The ruling Frente Amplio won a third term in office and will now have to strike a balance between high spending needs and sound macroeconomic policies while the economy is slowing down.

Country Report

Country Report Argentina

Argentina’s huge macroeconomic imbalances worsened in 2014 and little improvement is expected in 2015, at least not until a new cabinet takes office in December 2015 after the elections.

Country Report

Country Report Chile

A new government took office in March 2014 and has been pushing through a bold reform agenda. In the meantime, the economy took a downturn, but economic activity is likely to improve in 2015.

Country Report

Country Report Ecuador

Ecuador’s return to the international capital markets improved its liquidity. But, the external position remains weak. The interventionist and nationalist tendencies of the Correa government continue.

Country Report

Country Report Egypt

Domestic stability in Egypt has improved markedly and the economy is showing timid signs of recovery. The government has engaged in bold reforms and generous aid from the GCC countries gives Egypt the financial space to gradually implement them.