RaboResearch - Economic Research

Country Report

Country Report Dominican Republic

Economic growth cooled markedly in the Dominican Republic, while strong pre-election spending led to a deterioration of public finances. The balance-of-payments position remains weak and could deteriorate further if PetroCaribe support were to end.

Country Report

Country Report Bermuda

Following its fourth year in recession, Bermuda’s economy is expected to stagnate this year. The local government has to embark on fiscal consolidation soon, but these efforts should not affect the island’s important (re)insurance sector.

Country Report

Panama (Country Report)

Panama's economy continues to rank among the world's fastest growing economies. In order to save future Panama Canal revenues, a sovereign wealth fund has been established, which could strengthen public finances in the long-term.

Country Report

Mexico (Country Update)

After years of congressional gridlock, Mexico's newly-elected president Enrique Pe?a Nieto has presented a comprehensive structural reform package. While the reforms look promising, he will likely face protracted negotiations with the opposition.

Special

Outlook 2013: Latin America and Caribbean

While a more challenging external environment has contributed to somewhat slower economic growth in Latin America and the Caribbean in 2012, earlier overheating and inflation pressures have abated in most countries.

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.

Country Report

Mexico (Country report)

Reflecting a very gradual US recovery, Mexico's economic growth is expected to cool down to 3.4% this year. Mexican politics are dominated by the July 1st legislative and presidential elections that will likely be won by the opposition.

Country Report

Trinidad and Tobago (Country report)

Trinidad & Tobago's wealthy economy continues to remain in recession, as technical disruptions hampered oil and gas production and regional demand for non-hydrocarbon exports stayed weak. The government responds with fiscal stimulus.

Economic Comment

Curaçao and Sint Maarten: Frozen credit

Faced with an unsustainable current account deficit and declining international reserves, the Central Bank of Curaçao and Sint Maarten introduced a six month freeze on private credit extension, but more needs to be done.

Country Report

Dominican Republic (Country report)

Economic growth in the Dominican Republic fell from 7.8% in 2010 to 4.1% last year, as the government had to rein in fiscal stimulus under an IMF standby-agreement. No major policy changes are expected.

Country Report

Mexico (Country update)

Mexico's economy faced increasing headwinds this year, as economic growth in the US, it's main trading partner, slowed down markedly.

Country Report

Panama (Country update)

Benefitting from a large-scale public investment program, Panama’s economy will likely withstand the current global economic slowdown and continue to grow solidly. While government finances remain stable, challenges might arise over the medium-term.