RaboResearch - Economic Research

Country Report

Mexico (Country report)

Reflecting a very gradual US recovery, Mexico's economic growth is expected to cool down to 3.4% this year. Mexican politics are dominated by the July 1st legislative and presidential elections that will likely be won by the opposition.

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

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 Comment

Curaçao and Sint Maarten: Frozen credit

Faced with an unsustainable current account deficit and declining international reserves, the Central Bank of Curaçao and Sint Maarten introduced a six month freeze on private credit extension, but more needs to be done.

Country Report

Dominican Republic (Country report)

Economic growth in the Dominican Republic fell from 7.8% in 2010 to 4.1% last year, as the government had to rein in fiscal stimulus under an IMF standby-agreement. No major policy changes are expected.

Country Report

Bangladesh (Country report)

Bangladesh's economy continues to prove its resilience amid a worsening external environment. Yet, despite strong economic growth it remains one of the world's poorest countries.

Country Report

Mexico (Country update)

Mexico's economy faced increasing headwinds this year, as economic growth in the US, it's main trading partner, slowed down markedly.

Country Report

Panama (Country update)

Benefitting from a large-scale public investment program, Panama’s economy will likely withstand the current global economic slowdown and continue to grow solidly. While government finances remain stable, challenges might arise over the medium-term.

Country Report

Slovenia (Country report)

Owing to its close ties with neighboring Italy and various domestic problems, Slovenia has been suffering from contagion from the euro area debt crisis. Its economic recovery remains highly export-dependent on the back of a sizable banking crisis.

Country Report

Czech Republic (Country report)

Despite strong economic growth in the Czech Republic’s main trading partner Germany, the country’s economic recovery remains sluggish amidst ongoing budgetary consolidation and relatively tempered export growth.

Country Report

Slovak Republic (Country report)

The small open economy of Slovakia rebounded comparatively well from the 2009 recession, posting 4% economic growth in 2010 on the back of strongly recovering exports. Domestic demand, however, did not yet contribute to economic growth and its contribution in the coming years will be limited by the government’s austerity measures.

Country Report

Panama (Country report)

Benefiting from the expansion of the Panama Canal and a series of large-scale public investment projects, the Panamanian economy emerged from the global economic crisis as the bestperforming Central American economy, posting 7.5% economic growth in 2010.

Country Report

Mexico (Country report)

The Mexican economy recovered strongly from the global economic crisis, posting 5.5% real economic growth last year. Benefitting from Mexico’s strong trade linkages with the US, exports initially drove the recovery, while domestic demand remained relatively tempered due to sluggish real wage growth, lower remittances from the US and remaining spare capacity.

Country Report

Trinidad and Tobago (Country report)

The hydrocarbon-dependent economy of Trinidad and Tobago was hit hard by the global economic downturn. Oil and gas prices tumbled and one of the country’s largest financial conglomerates had to be bailed out by the government.

Country Report

Bermuda (Country report)

Being renowned for its business-friendly tax climate and sophisticated financial infrastructure, the country has become the largest (re)insurance jurisdiction in the World after New York and London. Maintaining Bermuda’s favourable operating environment for the financial sector is a key policy objective.