RaboResearch - Economic Research

Economic Quarterly Report Dutch version

Global economic outlook: clouds in the rear- view mirror, storm on the horizon?

Economic growth is expected to slow down only slightly this year as global economic conditions are not as dramatic as recent financial markets turbulence suggests. There is no simple and accessible alternative to further monetary easing, whose effectiveness is diminishing while the negative side effects are compounding.

Country Report

Australia: an economy in transition

The Australian economy remains resilient. After the mining investment boom, the economy is now primarily driven by net exports and consumption. Meanwhile, the housing market softened due to tightened lending standards to housing investors.

Country Report

Mexico: growth holds up well despite austerity

Growth is holding up well despite the fallout from low oil prices and the resulting fiscal austerity, which strongly and negatively affects public investment but at the same time supports the credibility of the government’s economic policies.

Country Report

Singapore: slowing growth, but still top notch

Singapore’s economy faces multiple headwinds. But, strong institutions and effective policymaking support (potential) growth. Owing to the landslide victory of PAP in the September’s national elections strong policy continuity is preserved.

Special

Institutional quality and economic performance

Institutional quality and economic development reinforce each other over the longer term, but we argue that institutional quality leads this virtuous circle. It unlocks growth potential and does not intrinsically suffer from diminishing returns.

Country Report

New Zealand: continuing stress in dairy and housing sector

The economic growth outlook has worsened due to less favorable global outlook, which keeps key commodity prices low. The risk of a sharp correction of house prices in Auckland has induced the government to implement additional macro-prudential measures.