RaboResearch - Economic Research

Country Report

Belgium: recovery at a snail's pace

The centre-right government has successfully implemented several policy measures to improve Belgian price competitiveness. High public debt, inflation and security issues are the most prominent downward risks for a stable economic recovery.

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.

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.

Country Report

Country report Mexico

Economic growth has slowed as a result of low oil prices and tax hikes, but going forward external demand and investment will support growth. Oil reform will further induce FDI but the security situation in some region remains challenging.

Country Report

Country Report Puerto Rico

Puerto Rico’s government is on the very verge of a default. Structural problems, economic shocks and weak public finances have yielded a decade of economic stagnation, outmigration, fiscal deficits and an unsustainable public debt.

Country Report

Country Report New Zealand

Economic growth is slowly decelerating in New Zealand due to prolonged low commodity prices. Low milk prices put a strain on the dairy sector. Meanwhile, the RBNZ in general softened its LTV restrictions, but tightened it for the Auckland area.

Country Report

Country Report Canada

Economic growth in Canada is expected to slow somewhat, as the oil price plunge will negatively impact investment but boost consumption somewhat. The housing market is Canada’s main domestic risk, as high house prices and high levels of debt make households vulnerable to a rate hike.