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
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.
Economic Comment
In de afgelopen weken is de olieprijs fors gedaald. Mocht deze voor langere tijd laag blijven, dan is dit een positieve impuls voor de wereldeconomie. Een neveneffect is dat de kans op tijdelijke deflatie in de eurozone aanzienlijk is toegenomen.
Special Dutch version
Like the rest of the eurozone, the Dutch economy will grow faster in 2015 than it did in the year just past. But growth will remain low, and unemployment high. Low inflation puts the ECB under increasing pressure to start large scale quantitative easing.
Special Dutch version
In the Outlook publication, Rabobank presents her yearly economic predictions for the coming year. The macroeconomic ‘Outlook 2015’ is published alongside the Thematic booklet ‘Prosperity in the new economic reality’.
Economic Comment
De Indonesische overheid heeft de subsidies op brandstoffen verlaagd. Deze eerste maatregel van de nieuwe president van Indonesië, Joko Widodo, is een goed begin.
Country Report
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.
Country Report
Lower copper prices, excessive public spending and the death of President Stata have turned 2014 into a challenging year for Zambia, but small improvements bode well for the future.
Country Report
Mozambique’s economic growth remains strong, but increasing fiscal imbalances might become a challenge in the medium term. A ceasefire agreement between Renamo and Frelimo represents a significant improvement of domestic security and stability.
Country Report
The reform process in Indonesia is not expected to speed up markedly under the new government, but growth is expected to accelerate somewhat. Indonesia remains vulnerable to deteriorating financial markets sentiment.
Country Report
Weaker oil markets are hurting Saudi Arabia given the high reliance of the economy and government income on the hydrocarbon sector. Fortunately, strong financial buffers provide sufficient mitigation for now.
Country Report
Housing market weakness has lowered China’s GDP growth, but China has so far avoided a hard landing. One year after the Third Plenum, really big economic reform steps still have to be made.
Country Report
Mexico’s economic growth starts to pick up and its economic outlook is also improving, as all intended structural reforms are approved. The most important one, energy, is likely to contribute the most.
Country Report
Russia’s economy is slowing down as a result of western sanctions and a drop in oil prices. Its outlook has also deteriorated due to lower investor confidence and a strengthening of the government’s control over the country.