RaboResearch - Economic Research

Economic Update

France’s 2019 budget to reduce size of government

French President Macron struggles with low approval ratings and decreasing economic confidence, despite a strong parliamentary mandate for reform and upward economic potential. The 2019 budget proposal reduces the size of government, modest improvements in public finances and stimulus for private demand.

Economic Update

Italy: elections unlikely to hamper economic recovery

Italians are very upbeat and don’t seem to worry about the upcoming elections. The short-term economic outlook is quite rosy. We expect the next government won’t endanger the recovery, but at the same time won’t improve the weak long-term outlook either.

Economic Update Dutch version

Italy: All bets are off

4 December, Italy rejected a reform that would have improved the governability the country. Renzi has resigned, but the initial market impact has been fairly muted. Paradoxically, the chance of a referendum on Eurozone membership has reduced.