RaboResearch - Economic Research

Economic Comment

Central banks to the rescue (Macro Comment)

Central banks from around the globe have recently become more active in supporting growth. These actions are very welcome and may offer some hope for battered Western economies.

Economic Update

Economic Update Belgium

After the better than expected GDP figure in 12Q1 a new slow down seems unavoidable. We anticipate a contraction of GDP in 12Q2. If the economic weakness lasts, we believe also the labour market cannot remain out of harm's way.

Economic Update

Economic Update Germany

GDP increased by 0.5% q-o-q in 12Q1. Activity is likely to be far weaker in Q2. Even a minor contraction in GDP cannot be excluded. Unemployment rose for the third month in a row in June.

Economic Update

Economic Update Spain

Following two quarters of a 0.3% q-o-q GDP contraction, the decline in economic activity probably acce-lerated in 12Q2. The fact that the government has been unable to reduce the budget deficit up until May is worrying.