RaboResearch - Economic Research

Economic Update

Italy: once in recession, always in recession?

In 14Q3, GDP volume contracted with 0.1% q-o-q. Investment acted as the largest drag on growth. In 2015, GDP volume is expected to grow slowly after three years of contraction, mostly on the back of foreign demand. Unemployment will remain high.

Economic Update

Italy: Recession, there we go again

In 14Q2, GDP volume contracted, again. Deflation may support consumption going forward, but lower consumer confidence and high unemployment temper expectations. For fixed investment, headwinds outpace tailwinds, so a firm recovery is unlikely.

Economic Update

Italy: goodbye recession, hello stagnation

In 13Q4, Italy’s recession officially came to an end. Looking forward, the economic outlook has improved somewhat, but GDP growth will greatly depend on exports. Meanwhile, in Rome the game of musical chairs was won by the centre-left democrat Renzi.

Economic Update

Conjunctuurbeelden: altijd up to date! (Dutch)

Conjunctuurbeelden zijn onze periodieke publicaties met de actuele conjuncturele ontwikkelingen in de beschreven (industrie-)landen. Daarbij kijken we ook naar onder meer het (economische) beleid van de desbetreffende overheden en het sentiment onder ondernemers.

Economic Update

Belgium: Good things come to those who wait

The economic recovery carries on as growth of domestic demand increases. Fiscal policy will be less distortive next year and inflation remains low. However, high unemployment and also wage moderation still limit private consumption growth.