RaboResearch - Economic Research

Country Report

Country Update Macedonia

Macedonia is a small, Balkan country, which aims to become a EU candidate next year or so. Its external position is weak and unemployment is a huge issue. Remittances are the lifeline of the country, which, unfortunately, partly come from Greece.

Country Report

Philippines (Country report)

The Philippine economy impresses as it continues to perform well amid a struggling global market. While strong headwinds from the country's main trading partners are likely to persist, a pickup in government spending will help mitigate the effects.

Country Report

Country Update Tunisia

Violent protests and strikes continue in Tunisia and will result in low GDP growth in 2012. Meanwhile, continued unrest will further aggravate the growing external and fiscal imbalances.

Country Report

Thailand (Country update)

The government of Thailand faces some challenging times: recovery of widespread flooding in 2011 and rising political tensions. All of this against the background of a weakening global outlook.

Country Report

Nicaragua (Country Report)

Benefitting from strong foreign direct investments, Nicaragua's economy posted 4.7% economic growth last year. Still, Nicaragua remains heavily dependent on politically-motivated Venezuelan financial support.

Country Report

Suriname (Country Report)

Benefitting from rising gold prices and foreign investment into its mining sector, Suriname's economic growth strengthened to 4.3% last year. However, the passage of an amendment to the Amnesty Law sparked sharp protests from Western countries.

Economic Quarterly Report

UK: Recession 'made in Downing Street'

UK's economy has been going sideways since mid-2010 owing to harsh fiscal austerity measures. The release of 12Q1 GDP figure showed that the country entered a technical recession. Going forward, economic recovery is likely to remain tepid.

Economic Quarterly Report

Global Economic Outlook: Policy makers rule

The global economy started 2012 reasonably well. We expect there to be a new mild upturn in growth in the second half of the year. But this depends very much on the efforts to deal with the crisis in Europe and economic policy elsewhere in the world.

Economic Quarterly Report

Focus: The grass is greener to the East

As a result of its open character, the Dutch economy fluctuates along with the international economic cycle. The Netherlands is now again in recession, while GDP in Germany continues to grow. Is the grass greener in the East?

Country Report

Botswana (Country update)

Despite Botswana's efforts to diversify its economic base, the country remains very dependent on diamond exports.

Country Report

United Arab Emirates (Country report)

The UAE has hardly been touched by the political turmoil in the Arab world. Even so, concerns exist on the medium to long-term fallout of the regional turmoil. The economy is expected to grow a sound 3.5% in 2012.

Country Report

Czech Republic (Country update)

The Czech Republic entered its second recession in three years. After the global financial crisis caused the economy to contract by 4.7% in 2009, it has failed to make a full recovery.

Economic Update

Economic Update France

Several signals point to a contraction of private consumption in the current quarter. To this end, we can expect GDP to contract in 12Q2. President Hollande cannot significantly alter this outlook despite his preference for a growth-based strategy.

Economic Update

Economic Update Emerging Markets

Both growth and currencies appear to be on the slide in emerging markets around the World. In Brazil, China and India, governments are coming to the fore trying to keep growth at reasonable levels. There are a few scattered bright spots though.

Economic Update

Economic Update Italy

In the first quarter of 2012, the Italian GDP fell back for the third in a row. Consumer and producer confidence has deteriorated over the past months. This makes it very likely that the recession stretches out into the third quarter of 2012.