RaboResearch - Economic Research

Economic Comment

Is a weaker euro desirable now?

The depreciation of the euro may not result in the much-needed boost to the region’s net exports. However, it is making life difficult for households. The rise in the price of oil to near record highs is adding to eurozone’s economic woes.

Economic Update Dutch version

Economic Update United Kingdom

We kick-started the new year with a slew of positive news. December’s leading indicators were stronger than expected, which indicate that the economy may have gained a bit of momentum going into 2012.

Economic Update

Conjunctuurbeeld Spanje (Dutch)

In 11K3 wist de export de Spaanse economie nog uit recessie te houden. Maar de beschikbare gegevens voor 11K4 wijzen op economische krimp. Ook voor het eerste kwartaal van dit jaar verwachten wij een daling van het BBP-volume.

Economic Update

Economic Update Spain

In 11Q3, export growth managed to keep the Spanish economy out of recession. But the available economic data for 11Q4 point to GDP contraction in that quarter. For the first quarter of this year we also expect GDP to fall.

Economic Comment

Hungary: Jumping off a cliff? (Macro Comment)

Hungary’s government is becoming increasingly autocratic, thereby threatening to undo years of democracy-building, while simultaneously risking a sovereign default.

Country Report

Tanzania (Country report)

Despite chronic power shortages and rampant inflation, Tanzania’s economy managed to grow at an estimated 6.4% in 2011.

Country Report

Lebanon (Country report)

The largest country risks in Lebanon lie in the political sphere, as the conflicts between the coalition party and main opposition party are fierce and hinder any progress on economic reforms. The economic outlook is bleak.

Economic Comment

Is the global economy stabilising?

The December manufacturing PMIs have surprised on the upside. We should take comfort that the deterioration in PMIs is nowhere close to what we witnessed at the height of the crisis in 2008-09.