RaboResearch - Economic Research

Economic Update Dutch version

Country Update France

After the robust growth figure in 11Q1 (+0.9% q-o-q) France’s economy seems to have hit a soft-patch. First of all, the austerity measures have started to take their toll on private consumption.

Economic Update Dutch version

Country Update United Kingdom

Recently released data point to very weak private consumption growth in 2011. Of note is the drop in consumer confidence, due to falling real wages. Inflation remains high and the previous rise in commodity prices will push it further towards 5%.