RaboResearch - Economic Research

Country Report

Country Report Turkey

Turkey’s economy is heading for a slowdown this year, as external financing conditions deteriorate and the central bank had to hike interest rates strongly to defend the lira. The AKP will likely win the upcoming municipal elections, even as an ongoing corruption probe may cost it some votes.

Country Report

Country Report Romania

Romania has embarked on a gradual export-driven economic recovery, but domestic demand has yet to pick up. Amid rising domestic political tensions, policymaking could come to a standstill until presidential elections are held in November.

Column

Luilekkerland of de participatiemaatschappij? (Dutch)

Velen hebben de laatste tijd geschreven over banen die gaan verdwijnen als gevolg van technologische vooruitgang. Wat mij betreft is dat niet het meest interessante punt. Veel interessanter is wat we wel gaan doen en hoe we de extra welvaart gaan verdelen die automatisering ons oplevert.

Country Report

Country Report United States

The US remains the largest economy in the World, on the back of its highly developed and flexible framework. Bi-partisan politics have rendered the federal government ineffective, but at least the most pressing economic uncertainties have been lifted.

Country Report

Country Report Tanzania

Bright prospects for the energy sector in Tanzania bode well for the already robust economic growth and gave the country access to international debt markets in 2013.

Country Report

Country Report Bulgaria

In 2013, Bulgaria was plagued by social unrest related to discontent with the high level of corruption amongst politicians. However, the economy benefitted from stronger external demand.

Country Report

Country Report Bangladesh

The January 2014 elections have left Bangladesh with a government whose legitimacy is questioned. With the opposition expected to continue protests and strikes, the risk of more political instability is high.

Country Report

Country Report Japan

We believe Abenomics -consisting of fiscal, monetary and structural measures- is a unique opportunity to end deflation and spur growth. However, political reality shows that Abenomics is incomplete as structural reforms are clearly lagging.

Country Report

Country Report New Zealand

New Zealand suffers from a persistent gap between savings and investment. Growth is currently gaining momentum, but this is mainly credit-driven. House prices are increasing fast and the necessary deleveraging process has been put into reverse.

Country Report

Country Report Australia

Economic growth in Australia decelerates due to lower mining investments. The outlook depends heavily on demand from China for its commodities and the ability to shift to non-mining growth drivers. The Dutch disease makes this move more difficult.

Country Report

Country Report Singapore

Strong institutions and effective policymaking support (potential) GDP growth, while the state’s small size and ageing pose challenges. Healthy balance sheets across the board and a solid international creditor position reduces Singapore’s susceptibility to shocks and financial crises.

Country Report

Country Report Dominican Republic

Despite the Dominican Republic’s good economic performance in recent years, it has not been able to improve its weak external position. The latter is reflected by a low level of FX-reserves, a current account deficit and a large external debt stock.

Country Report

Country Report Honduras

Although former president Lobo has taken some positive steps to improve the political landscape, Honduras still faces multiple challenges, among others: reducing its large current account deficit and improving its institutional framework.

Country Report

Country Report Vietnam

Since 2012, Vietnam is slowly building up a track record of economic stability. Meanwhile, the government continues to work on needed reforms, but has not taken away the risks. External liquidity is very weak, but no longer critical.