RaboResearch - Economic Research

Country Report

Bulgaria: growth recovering, but challenges ahead

After a mild recovery of the fiscal balance in 2015, the challenge for Bulgaria lies in continuation of prudent policy to enable stable future growth and ensure stable levels of public debt.

Country Report

Croatia: successful reforms much needed but unlikely

Croatia’s short term outlook has improved on the back of higher private consumption, investment and exports. Unfortunately, chances of successful structural and fiscal reforms by the new government are dim, due to its small and likely unstable majority.

Economic Comment

Stilte voor een storm? (Dutch)

Groei houdt stand begin 2016 maar blijft omgeven door neerwaartse risico’s. Stijgende grondstofprijzen helpen opkomende economieën. De economische situatie blijft fundamenteel broos en afhankelijk van (wijzigingen in) monetair beleid.

Special Dutch version

Monetary challenges in Europe

The results of unprecedented monetary easing measures in the past several years have been relatively disappointing so far. Furthermore, this policy also carries risks, such as excessive valuations in financial instruments and a deterioration in the functioning of markets.