RaboResearch - Economic Research

Country Report

United States (Country report)

The US economic recovery is expected to continue this and next year, but growth will remain below trend. Any serious attempt to reduce the budget deficit is not expected until after the November 2012 Presidential and Congressional elections.

Country Report

Canada (Country report)

Canada remains a well governed country and boasts a strong economy. The economic recovery is underway and is expected to continue, albeit at a more modest pace.

Country Report

Finland (Country report)

The Finnish economy recovered strongly from the deep 2009 recession. Due to headwinds in the external environment, the growth outlook for 2012 and 2013 is weak.

Country Report

Greece (Country report)

Due to the self-defeating character of the huge austerity package, the Greek economy still experiences a deep recession while the government did not manage to continue narrowing the budget deficit substantially.

Country Report

Germany (Country report)

Germany’s strong economic recovery and resilient labour market have ensured the country’s safe haven status. The country’s banking sector still has large cross-border exposures, especially to the vulnerable Southern European countries.

Country Report

Serbia (Update country report)

Serbia's external position remains weak, while the position of the government is also vulnerable, reflected by sizable fiscal deficits and public debt.

Country Report

Egypt (Country update)

Egypt’s political and economic outlook remains fragile. It is estimated that the country requires roughly USD 11bn in the next two years to prevent a fiscal and/or balance of payments crisis.

Country Report

Trinidad and Tobago (Country report)

Trinidad & Tobago's wealthy economy continues to remain in recession, as technical disruptions hampered oil and gas production and regional demand for non-hydrocarbon exports stayed weak. The government responds with fiscal stimulus.

Country Report

Ukraine (Country update)

The external financing risks for the Ukraine have markedly risen, since the IMF has discontinued disbursements under the two and a half year lending program of USD 15.2bn signed in July 2010. In 2012, economic growth is expected to slow to 2.5%.

Country Report

Brunei (Country report)

Brunei's hydrocarbon-based economy has embarked on a gradual economic recovery and should benefit from strong Asian demand for its exports, as Japan is shifting its energy mix in the aftermath of the Fukushima nuclear disaster.

Economic Report

Casting more light on shadow banking

Shadow banking has been placed high on this year’s agenda for regulating bodies including the Financial Stability Board (FSB) and the European Commission (EC). The risks of the shadow banking system became apparent during the credit crisis.

Economic Report

Schaduwbankieren meer in het licht (Dutch)

De term schaduwbankieren wordt gebruikt om kredietintermediatie door niet-banken aan te duiden. Tijdens de kredietcrisis manifesteerden de risico’s van het schaduwbankieren zich. Regulering van het schaduwbanksysteem is echter geen makkelijke opgave.

Special

Franse overheidsfinanciën: Economische kracht (Dutch)

Op het gebied van economische en institutionele kracht behoort Frankrijk tot de kernlanden van de eurozone. Deze studie brengt de positie van de Franse overheidsfinanciën in kaart en schetst de budgettaire en economische hervormingen die nodig zijn.

Economic Report

Sarkozy of Hollande: realiteit of roze wolk? (Dutch)

Zowel politiek als economisch vervult Frankrijk een sleutelrol in Europa. Bij de naderende presidentsverkiezingen spelen diverse uitdagingen in eigen land een grote rol, maar ook Europese samenwerking is een belangrijk thema.

Economic Report

ECB in actie: bankieren in roerige tijden (Dutch)

De ECB heeft sinds het uitbreken van de eurocrisis voor ruim € 1.200 miljard aan onconventionele maatregelen genomen. In dit Themabericht leggen wij uit hoe dit niet heeft geleid tot een explosie van de hoeveelheid geld in het economische verkeer.