Economic Update
The economic recovery carries on as growth of domestic demand increases. Fiscal policy will be less distortive next year and inflation remains low. However, high unemployment and also wage moderation still limit private consumption growth.
Economic Update
GDP growth stagnated in 13Q3. One cannot talk of a start of economic recovery yet, though. The contribution of domestic demand was negative and there are still significant headwinds. On a positive note, policy uncertainty might fall going forward.
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Een belangrijke les van de mondiale financiële crisis van 2008 is dat de kapitaalbuffers van banken fors moeten worden verstevigd. De strengere eisen aan de risico-gewogen kapitaalratio van het Bazels Comité –Bazel III– voorzien hierin.
Economic Update
Spanish GDP rose in 13Q3, after nine quarterly contractions in a row. Although positive, we do not expect a quick recovery on the labour market. Based on the Budget 2014, the fiscal effort will be slightly less than in preceding years.
Economic Update
Once again, the German economy posted a positive growth figure in the third quarter. The increase has been entirely domestic-driven. We expect domestic demand to remain strong given the solid labour market and the positive investment outlook.
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De eurozone heeft een stevige groei-impuls nodig. En gezien de deplorabele staat van de overheidsfinanciën in de meeste lidstaten moet deze monetair worden gefinancierd. Daarom is het tijd om het taboe hierop te slechten.
Economic Update
The French economy slightly contracted in 13Q3, but this was largely due to a bounce back from the strong 13Q2 figure. We expect the recovery to continue, albeit very gradually. Therefore, we do not envisage a robust improvement in the labour market.
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Met deze titel presenteren wij een voorzichtig positieve Visie op 2014. We benadrukken in deze publicatie primair drie positieve aanknopingspunten. Maar we zien en bespreken ook de grootste risico’s die maken dat we dit perspectief als wankel bestempelen.
Economic Update
The Italian economy stayed in recession in 13Q2. Sentiment is improving, but domestic demand will be too weak to support growth in the coming quarters. Meanwhile, political turmoil is making markets nervous, which further hampers the recovery.
Economic Update
A strong GDP figure in 13Q2 and rising sentiment levels show that economic conditions are improving. That said, the GDP figure was boosted by temporary factors while the rigid labour market does not show any signs of recovery yet.
Economic Update
A better than expected GDP figure for 13Q2 and rising sentiment levels suggest that economic conditions are improving. That said, a quick housing market and labour market recovery is not on the cards yet.
Economic Update
In 13Q2, the Belgian economy climbed out of recession. The recovery is expected to continue at a gradual pace on the back of stronger external demand. It will probably take a while until the labour market starts to recover.
Economic Update
Second quarter economic growth in Germany was broad-based. Given the current readings of both the producer and consumer confidence, the economy is expected to continue growing in the coming quarters.
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"Ongenuanceerde vorm van sportjournalistiek, waarbij alleen naar de uiteindelijke (hoge) uitslag wordt gekeken en niet naar het vertoonde spel en de feitelijke krachtsverhoudingen tijdens de wedstrijd" Encyclo, Online Encyclopedie
Economic Update
The recent batch of positive data suggests that the risks to our growth forecast are tilted to the upside. The strengthening job market, receding uncertainty, rising asset prices and looser credit conditions are pushing up sentiment.
