RaboResearch - Economic Research

Country Report

Country report United Kingdom

The UK economy has seen more balanced growth lately: wage growth has returned, debt levels are gradually falling and the housing market has cooled down. However, a low Euro weighs on export performance while the risk of a Brexit has increased.

Country Report

Country report Portugal

The Portuguese economy returned to growth in 2014 but medium term prospects remain weak. Meanwhile, with an election this year, the reform effort while this year’s budget is based on overly optimistic assumptions.

Country Report

Country Report Spain

The Spanish economy is expected to maintain its competitiveness while domestic demand strengthens. The low quality of employment created may hurt productivity growth. We expect to see political fragmentation at the national level.

Country Report

Country report Ireland

The strong rebound of the Irish economy supported private sector deleveraging while the housing prices rebounded strongly. With the budget deficit down and political stability enduring, the situation in Ireland is set to improve further.

Country Report

Country report Italy

Italy’s economy shrank again in 2014, and is expected to only recover slowly. Political stability has improved a bit and the government’s reform agenda is promising. Some major reforms have already been achieved, but progress is and will remain slow.