RaboResearch - Economic Research

Country Report

Country Report Kenya

Peaceful elections in 2013 restored confidence in Kenya’s political stability to some extent and bode well for economic development, while the large twin deficits remain a matter of concern.

Country Report

Country Report Mauritius

The economy of Mauritius, an offshore financial centre in the Indian Ocean, suffered from the turmoil in Europe. Still, the government found the room for significant fiscal consolidation.

Country Report

Country Report Botswana

Botswana’s economy remains largely dependent on diamond mining. As a result of weak external demand for diamonds, economic growth has slowed down last year. The fiscal position improved substantially and the budget is now recording a small surplus.

Country Report

Country Report Angola

Angola is an oil-rich country and Africa’s second largest oil exporter. Angola’s economic growth is highly dependent on oil price developments and a declining international oil price will therefore remain a cause of concern.

Country Report

Country Report South Africa

The largest and most modern economy of Sub Saharan Africa had a troublesome year as the large income disparities burst out into protracted industrial unrest, while domestic bottlenecks and low external demand took its toll on economic development.

Country Report

Country Report Tanzania

Tanzania grew 6.8% in 2012 and expects 7% growth in the coming years. Gas reserves discovery can boost the economy, but high corruption can cause discontent with Tanzanians and donors. Readily available financing accommodates the large twin deficit.

Country Report

Country Report Rwanda

Rwanda’s is in trouble. Due to the UN’s claims of involvement in the violence in DR Congo, several donors withdrew their support. This hits Rwanda hard, as donor income accounts for a large part of foreign exchange and fiscal income.

Country Report

Latvia (Country Report)

Following its very deep recession in 2008/10, Latvia currently belongs to the fastest-growing EU member states. Thanks to its successful austerity strategy and low inflation, the country could join the euro area in 2014.

Special

Outlook 2013: Sub-Sahara Africa

Sub-Saharan Africa has grown rapidly over the past decade. Despite the global financial crisis of 2008-09, Sub-Saharan Africa has grown at an average of 4.7% between 2000-2010 and might experience accelerated growth relative to the past few years.

Country Report

Zambia (Country Report)

Zambia has continued to grow at a healthy pace of over 5% a year since 2000, but the country remains highly dependent international commodity price movements. The political climate is expected to remain stable following last year's elections.

Country Report

Ghana (Country report)

Ghana's main economic risk is the country's persisting twin deficit on the current account balance (of 9.4% in 2011) and fiscal balance (of 4% of GDP in 2011).

Country Report

Kenya (Country report)

The upcoming general election period may lead to political and social instability in Kenya, comparable to 2007's election unrest.

Economic Report

Successful African regional integration?

Although negotiations for a continental free trade area in Africa have started and progress is on course given recent news reports, the plan is rather optimistic.

Country Report

Botswana (Country update)

Despite Botswana's efforts to diversify its economic base, the country remains very dependent on diamond exports.