RaboResearch - Economic Research

Economic Report

The perils of diverging monetary policy

Monetary policies in the eurozone and US are on the verge of parting ways. For the world economy as a whole, there is a risk that this monetary divergence will fuel external imbalances among the largest economies.

Economic Comment

Brazil is back to junk

Brazil lost its investment grade with S&P on 9 September. The downgrade underlines Brazil’s enormous fiscal challenges. Political headwinds could further darken the fiscal and economic outlook.