RaboResearch - Economic Research

Economic Report

Outlook 2014 - United Kingdom

There are signs that UK’s economic activity is gathering momentum. But the recovery is not on a solid footing yet and, therefore, needs to be nurtured.

Economic Report

Outlook 2014 - Eurozone

The eurozone economy seems to have entered a phase of modest recovery. But, worrisome public finances, limited investment demand and tight credit conditions continue to hamper growth. Current problems are unlikely to be solved by a banking union.

Economic Report

Eurozone instituties: werk in uitvoering (Dutch)

Deze studie beschrijft de institutionele stappen in de eurozone op het terrein van budgettaire, financiële en economische integratie. Dit Themabericht is een verkorte versie van Rabobank Special 13/08: Institutionele herinrichting eurozone.

Economic Report

Turkey: export-led growth

The past decade saw Turkey move away from the boom-bust cycles of the past. The new export industries are a good step in the right direction, but more is needed. This Special Report takes account of the past, while also considering the road ahead.

Economic Report

Turkey: long term outlook

The past decade saw Turkey break with its turbulent past. This final Special Report on Turkey’s long-term economic prospects discusses our expectations for the coming decade in all these areas.

Economic Report

Turkey: political and social situation

Located in both Europe and Asia, Turkey is often regarded as the bridge between east and west. This Special Report considers Turkey’s current social and political situation, as well as the challenges ahead.

Economic Report

Turkey: financing growth

Turkey’s growth performance over the past decade has been impressive but not without risks. This study looks at mechanisms to improve Turkey’s domestic savings rate, as well as the country’s efforts to guarantee long-term investments from abroad.

Economic Report

The eurozone needs an economic fire department

The actions we see when a fire erupts in a building are not unlike those observed during the eurozone crisis. The lesson here is that the eurozone must always have an economic fire department in combination with stronger institutions.

Economic Report Dutch version

Italian elections: A lost year?

Given the Italian election outcome, resurgence of political and financial market unrest seems likely. No party has obtained a workable majority and a coalition seems extremely difficult to be formed. In any case, the appetite for further fiscal austerity and reforms will be lower than desired.

Economic Report

The inflation genie must not leave the bottle

There is an on-going debate in the UK regarding the merits of nominal GDP targeting. Of course, ‘out-of-the box’ thinking is welcome but the risk of switching to a new policy framework is high because it can destabilise inflation expectations.

Economic Report

Turkey: ready to compete?

The competitiveness of the Turkish economy is obstructed by a high minimum wage, stringent labor laws and a flawed education system. Improvements are needed to allow Turkey to compete abroad and fully benefit from a young and growing labour market.

Economic Report

Turkey: coping with external imbalance

Despite Turkey's economic success over the past decade, its large external imbalance remains a cause for concern. This report considers the risks, as well as the reforms needed to reduce this imbalance and move to a more sustainable growth path.

Economic Report Dutch version

Spanish labour market: no recovery in sight

Faced with sky-high unemployment, Spanish policymakers have initiated radical labour market reforms. While this will hopefully lead to a turnaround in the Spanish labour market in the long run, the outlook for the next several years remains bleak.