RaboResearch - Economic Research

Country Report

Country Report Thailand

Thailand’s economy grew robustly last year, but concerns about asset bubbles are emerging. Thanks to prime minister Shinawatra’s cautious policies regarding the return of her exiled brother Thaksin, social tensions calmed down, but remain present.

Country Report

Country Report Indonesia

Indonesia has outperformed most countries in the World throughout the crisis on the back of domestic demand. In order to maintain that growth level, and not be faced with increasing inflation, the country will need to seek structural improvements.

Country Report

Country Report Australia

The economy performs well thanks to its strong trade links with China, but with growth being narrowly driven by the mining business. The currency is very strong, which erodes price competitiveness of non-commodity exports.

Country Report

Country Report New Zealand

Economic growth slowed down in 2012. Going forward, activity is expected to pick up only slowly in 2013. Long-run growth prospects remain weak, caused by the aging population and subdued labour productivity growth in the services sector.

Country Report

Country Report Singapore

Singapore’s recovery is expected to gather some steam but we cannot expect growth to be very high in a weak external environment. The outlook is clouded by significant downside risks from the external sector.

Country Report

Country Report Japan

Recent policy initiatives of the new Prime Minster suggest that Japan’s economic activity will be picking up in the near-term. But the medium-term prospects are less rosy. Achieving debt sustainability requires credible fiscal consolidation plans.

Country Report

Country Report Brunei

Brunei is dependent on the hydrocarbon sector, but it gives the country a comfortable external position and allows the government to be generous to the population. As a result, there is little dissatisfaction with the slow democratization process.

Country Report

Country Report Taiwan

Economic growth in Taiwan has been slowing as a result of weak external demand. As inflation is running near the central bank’s inflation target, interest rates have been kept steady. GDP growth is expected to recover somewhat in the coming years.