RaboResearch - Economic Research

Economic Report Dutch version

COVID-19 pushes Germany into recession

At the start of 2020 sentiment indicators indicated a lacklustre growth for the Germany economy. The COVID-19 virus drastically changed that view however. We have revised our forecast from 0.5% to -0.3%. We forecast a recession in the second quarter of 2020.

Economic Report Dutch version

Spain is not Italy!

Unlike in Italy, Spain’s new government is very much pro-EU and has indicated to comply with the European budget rules. The economic impact of the government shuffle will expectedly be very limited in the short term. Early elections are likely.