RaboResearch - Economic Research

Economic Update

Italy: goodbye recession, hello stagnation

In 13Q4, Italy’s recession officially came to an end. Looking forward, the economic outlook has improved somewhat, but GDP growth will greatly depend on exports. Meanwhile, in Rome the game of musical chairs was won by the centre-left democrat Renzi.

Economic Update

Belgium: Economic recovery pushes through

In the final quarter of 2013, GDP volume rose with 0.5% q-o-q. Looking forward, the economic recovery is expected to push through as the economy faces fewer headwinds. Nevertheless, a full revival of economic growth and the labour market needs time.

Economic Update

Germany: die ‘Exportweltmeister’

The German economy posted a solid growth figure in the final quarter of 2013. Unexpectedly, it was almost fully driven by exports. For the current year, we expect German growth to be supported by both exports and domestic demand.

Economic Quarterly Report

Global Economic Outlook: sand in the engine of growth?

Although the recovery is likely to continue in the west, global economic growth is picking up very gradually. While a few emerging markets are directly vulnerable to tapering, rapid credit growth may pose a risk to future growth in more countries.

Economic Update

France: Consumption driven recovery

Recent data show that the economic recovery remains in place, albeit very gradual. Ongoing real wage growth will make sure that household consumption –once again- will remain an important driver of GDP growth this year.

Economic Update

Spain: Growing while rebalancing

Recent data show that the gradual recovery of the Spanish economy will continue going forward. In addition, ongoing export growth and muted wage pressure indicate that the much needed rebalancing process is still on track.