RaboResearch - Economic Research

Economic Quarterly Report

Has the world turned upside down?

The emerging markets are facing some headwinds. Slower growth in China together with the ‘taper’ talk in the US is weighing on economic activity.

Economic Quarterly Report

Finally some tailwinds

There are signs that UK’s economic activity is gathering momentum. But the recovery is not on a solid footing yet and, therefore, needs to be nurtured. Should ‘forward guidance’ not succeed to stem the tightening of financial condi-tions, more QE will probably be reconsidered as an option, especially because the government will not opt for a slower pace of fiscal austerity.