RaboResearch - Economic Research

Country Report

Panama (Country report)

Benefiting from the expansion of the Panama Canal and a series of large-scale public investment projects, the Panamanian economy emerged from the global economic crisis as the bestperforming Central American economy, posting 7.5% economic growth in 2010.

Country Report

Colombia (Country report)

The security situation in Colombia has improved recently on the back of military successes against guerrillas and drug gangs, but the activities of the latter two groups continue to have a sizeable social cost.

Economic Quarterly Report

Brazilië: IMF en Kapitaalcontroles (Dutch)

Onlangs pleitte het IMF ervoor om onder bepaalde omstandigheden kapitaalrestricties in te voeren. In dit artikel leggen we aan de hand van de casus Brazilië uit waarom gerichte kapitaalcontroles soms nuttig kunnen zijn.

Country Report

Mexico (Country report)

The Mexican economy recovered strongly from the global economic crisis, posting 5.5% real economic growth last year. Benefitting from Mexico’s strong trade linkages with the US, exports initially drove the recovery, while domestic demand remained relatively tempered due to sluggish real wage growth, lower remittances from the US and remaining spare capacity.

Country Report

Trinidad and Tobago (Country report)

The hydrocarbon-dependent economy of Trinidad and Tobago was hit hard by the global economic downturn. Oil and gas prices tumbled and one of the country’s largest financial conglomerates had to be bailed out by the government.

Country Report

Uruguay (Country report)

Uruguay’s economy grew rapidly in 2010, fuelled by both domestic and external demand. There is now some overheating risk, as inflation has increased above target in early 2011, while unemployment has reached historically low levels.

Country Report

Brazil (country report)

After posting 7.5% economic growth in 2010, the highest growth rate in 24 years, we expect the economy to grow at a slower pace in 2011. This is welcome, as inflation has been approaching the upper bound of the target range.

Country Report

Argentina (Country update)

On the back of high commodity prices and very expansionary fiscal and monetary policies, Argentina’s economy has been growing rapidly. This has resulted in high inflation and a shrinking current account surplus.

Country Report

Bermuda (Country report)

Being renowned for its business-friendly tax climate and sophisticated financial infrastructure, the country has become the largest (re)insurance jurisdiction in the World after New York and London. Maintaining Bermuda’s favourable operating environment for the financial sector is a key policy objective.

Country Report

Costa Rica (Country Report)

Thanks to considerable fiscal stimulus, Costa Rica has weathered the global economic crisis and the decline in US demand for its exports relatively well. As stimulus is not yet withdrawn and prospects for the US economy are improving, economic growth for the next years is expected to reach 4.3% on average

Country Report

Dominican Republic (Country report)

After having avoided dipping into recession in 2009 on the back of countercyclical fiscal and monetary stimulus made possible by an IMF stand-by agreement, the Dominican Republic’s economic recovery outpaced most of its neighbours in 2010. I

Country Report

Chile (Country Report)

Chile remains a country characterized by good macroeconomic policies and high quality institutions. The country was hit by a heavy earthquake in early 2010, but the impact of this event on country risk has been fairly limited.

Country Report

Country Report Paraguay

Paraguay has posted a very high economic growth rate in 2010, thanks to rapid growth of exports of soybeans and meat. However, the economic structure of the country remains weak, in particular through the strong dependence on agricultural export products.

Economic Report

Chili: nature strikes

One of the strongest earthquakes to ever hit Chile occurred on 27 February 2010. The country’s infrastructure sustained massive damage and the death toll is currently estimated around 600. As a result of the earthquake, economic activity will be subdued in the short term.

Economic Report

Chili: a step to the right

Since the return to democracy in 1990, the center-left oriented coalition, the Concertación, had won every presidential election. In fact, Piñera is the first right-wing candidate to win a democratic presidential election since Jorge Allisandri Rodríguez won the presidency in 1958.