RaboResearch - Economic Research

Economic Update Dutch version

Country Update France

After the robust growth figure in 11Q1 (+0.9% q-o-q) France’s economy seems to have hit a soft-patch. First of all, the austerity measures have started to take their toll on private consumption.

Economic Update Dutch version

Country Update Spain

Even though the speed of recovery is nothing to cheer about, the recovery of the economy and the government finances remains on track. GDP grew by 0.3% on the quarter in 11Q1, after growing by 0.2% in the fourth quarter of last year.

Economic Update Dutch version

Country Update United Kingdom

Recently released data point to very weak private consumption growth in 2011. Of note is the drop in consumer confidence, due to falling real wages. Inflation remains high and the previous rise in commodity prices will push it further towards 5%.

Economic Update Dutch version

Economic Update Belgium

In spite of the political deadlock, the Belgian economy seems to keep up with the growth pace witnessed in 2010 (+2.1% y-o-y). For the current year we even foresee a slightly higher growth based on the very strong figure in the first quarter (1% q-o-q).

Economic Update Dutch version

Economic Update Germany

Germany's economic growth momentum continues to surprise on the upside. But the pace of growth will return to more sustainable levels going forward.

Economic Update Dutch version

Economic Update Italy

The Italian economy has started 2011 as weak as it ended 2010. The economic recovery is clearly lagging that in the northern part of the eurozone.