Economic Quarterly Report Dutch version
We forecast the Eurozone economy to contract by 7.4% in 2020 and to grow with 3.9% in 2021. The economy will need more time to fully recover. Considerable uncertainty remains about the underlying damage done to companies in the COVID-19 crisis.
Economic Quarterly Report Dutch version
We expect the global economy to contract by 3.8% in 2020 and a recovery in 2021 of 4.5%. COVID vaccines will enable the economic recovery, although availability and distribution will vary globally. Economic challenges remain in form of divergent growth between sectors, Brexit, a growing share of ‘zombie firms’ and US-China trade tensions.
Economic Quarterly Report
Mede dankzij nieuws over vaccins gaan de financiële markten uit van een sterk economisch herstel. Toch zullen de rentetarieven het komend jaar laag blijven. De euro kan wel blijvend profiteren van het verbeterde sentiment.
Economic Quarterly Report Dutch version
We forecast that eurozone GDP will contract by 8.9% in 2020, followed by growth of 4.3% in 2021. The crisis widens the gap between countries, sectors and socio-economic classes.
Economic Quarterly Report
Op de lange termijn zijn de vooruitzichten voor inflatie onzeker. Toch is het wel al duidelijk dat de centrale banken een eventuele stijging niet in de weg zullen staan. Dit betekent dat de rentetarieven nog heel lang heel laag blijven.
Economic Quarterly Report Dutch version
The global economy has bottomed out and started its recovery. However, the recovery is marred by uncertainties such as more waves of coronavirus infections, lurking negative effects on the labor market and productivity and rising geopolitical tensions.
Economic Quarterly Report Dutch version
The Covid-crisis further widens the differences within the Eurozone. Southern member states have less fiscal space to spur economic recovery. Additionally, the composition of the economy makes these countries more vulnerable. For 2020 we forecast a GDP contraction of 9.1%.
Economic Quarterly Report Dutch version
A deep global economic recession will be followed by a relatively limited recovery, due to continuing social distancing. Since political tensions between the US and China have flared up again, we expect the ‘Phase 1’ deal to break down before the year is out.
Economic Quarterly Report
Na een uitermate turbulente periode zijn de markten door de centrale banken en overheden tot rust gemaand. Maar de zorgen over monetaire financiering nemen wel toe. Is er inflatie aan de horizon en krijgen we te maken met hogere rentes?
