RaboResearch - Economic Research

Economic Update

Germany: die ‘Exportweltmeister’

The German economy posted a solid growth figure in the final quarter of 2013. Unexpectedly, it was almost fully driven by exports. For the current year, we expect German growth to be supported by both exports and domestic demand.


Hoerabijstellingen (Dutch)

In bijgaand Economisch Kwartaalbericht schetsen we een iets optimistischer beeld van de ontwikkelingen in de wereldeconomie dan ten tijde van onze Visie op 2014 van het afgelopen najaar. Mogen we nu in een hoerastemming komen?

Economic Update

France: Consumption driven recovery

Recent data show that the economic recovery remains in place, albeit very gradual. Ongoing real wage growth will make sure that household consumption –once again- will remain an important driver of GDP growth this year.

Economic Update

Spain: Growing while rebalancing

Recent data show that the gradual recovery of the Spanish economy will continue going forward. In addition, ongoing export growth and muted wage pressure indicate that the much needed rebalancing process is still on track.