RaboResearch - Economic Research

Country Report

Luxembourg: staying on top in a changing environment

Luxembourg continued to show robust growth in 2015. New fiscal and financial regulation is heading towards Luxembourg, challenging its financial sector-driven growth model.

Country Report

Portugal: weak reform momentum threatens feeble growth

Portugal continued to grow in 2015, after exiting the EU/IMF bailout programme in 2014, which signals a substantial increase of economic and financial stability. However, reform momentum is weak while the country still has many vulnerabilities.

Economic Comment

Stilte voor een storm? (Dutch)

Groei houdt stand begin 2016 maar blijft omgeven door neerwaartse risico’s. Stijgende grondstofprijzen helpen opkomende economieën. De economische situatie blijft fundamenteel broos en afhankelijk van (wijzigingen in) monetair beleid.