RaboResearch - Economic Research

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

Uruguay (Country report)

Uruguay’s economy grew rapidly in 2010, fuelled by both domestic and external demand. There is now some overheating risk, as inflation has increased above target in early 2011, while unemployment has reached historically low levels.

Country Report

Brazil (country report)

After posting 7.5% economic growth in 2010, the highest growth rate in 24 years, we expect the economy to grow at a slower pace in 2011. This is welcome, as inflation has been approaching the upper bound of the target range.

Country Report

Argentina (Country update)

On the back of high commodity prices and very expansionary fiscal and monetary policies, Argentina’s economy has been growing rapidly. This has resulted in high inflation and a shrinking current account surplus.

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.