RaboResearch - Economic Research

Country Report

Peru: positive economic outlook

Peru is witnessing a recovery of economic growth, largely driven by increased mining production. Despite a widened twin deficit, prospects are positive.

Country Report

Saudi Arabia: reforms are necessary to reduce economic reliance on oil

Lower oil prices put increased pressure on the Saudi economy. Growth is slowing down and the fiscal situation is under pressure. Implementation of the diversification plan (vision 2030) would be a positive factor, but will be difficult to achieve.

Country Report

United Arab Emirates: weathering low oil prices on the back of large buffers

Although the UAE’s economy is more diversified and less dependent on the oil sector than the surrounding Gulf States, low oil prices will continue to negatively affect economic and fiscal metrics. Despite the expected twin deficit in 2016 and 2017, we won’t expect any problems in meeting financing requirements due to UAE’s considerable sovereign wealth fund.

Country Report

Jordan’s economy remains in jeopardy

Jordan’s social and economic dynamics are severely affected by the Syrian crisis, while the government is making progress in consolidating the budget and reducing reliance on a limited number of energy sources.

Country Report

Bulgaria: growth recovering, but challenges ahead

After a mild recovery of the fiscal balance in 2015, the challenge for Bulgaria lies in continuation of prudent policy to enable stable future growth and ensure stable levels of public debt.

Country Report

Croatia: successful reforms much needed but unlikely

Croatia’s short term outlook has improved on the back of higher private consumption, investment and exports. Unfortunately, chances of successful structural and fiscal reforms by the new government are dim, due to its small and likely unstable majority.

Country Report

Hungary: Stable growth, but government policies remain unorthodox

Economic growth in 2015 has been robust thanks to the usage of EU-funds and strong external demand. The fiscal situation improved, although with controversial measures. In general, the government maintained its populist and nationalist policies.