RaboResearch - Economic Research

Economic Update Dutch version

Economic Update Spain

We expect the recovery in 2011 to be sluggish, similar to last year. Domestic demand is unlikely to grow robustly, while export boosting gains on the back of increased price competitiveness have hardly been realised. As such, it is important that wage growth does not rise in line with inflation. Though this is bad for purchasing power and consumption, it is necessary for the rebalancing of the economy.

Economic Update Dutch version

Economic Update France

The French economy appears to be closing the year strongly in 10Q4, fuelled partly by robust private consumption. When consumers will be restrained in 2011 by austerity measures and slower growth of purchasing power, producers could step in to fill this gap with rising investments. Despite their rising (foreign) order outlook, limited domestic demand and low capacity utilisation mean this scenario is far from certain.

Economic Report Dutch version

Euro crisis: ‘we’re not like that!’

Investors have been keeping a close watch on the financial situation of a number of eurozone countries since the Autumn of 2009. Financial markets are chiefly concerned about Greece, Ireland, Portugal and Spain.