RaboResearch - Economic Research

Special

Italian elections: three scenario’s

The Italian elections on March 4 will likely yield a hung parliament. The reform outlook is weak and some fiscal slippage is likely. We believe the risk of an unexperienced nationalist government is limited, but the market might well be underpricing risks.

Economic Report

Catalan separatists tone down defiant stance

The risk of a new clash between Catalonia and Madrid in the coming weeks has dropped. Tensions will remain high in the coming years, but Catalonia will stay part of Spain. Notably, the political crisis has had limited impact on Spain’s economy.

Economic Quarterly Report

Visie op 2018: lage inflatie, lage rentes (Dutch)

Ondanks de hogere economische groei blijft de inflatie laag. Daarom is het beleid van de ECB nog steeds erg ruim. Ook de Fed worstelt met lage inflatie. Door de positieve ontwikkelingen in de eurozone zien we de euro sterker worden.