China’s economic slowdown is not spreading to other economies, says ABN AMRO MeesPierson in response to the turmoil in global financial markets on Monday. Decelerating Chinese growth and falling commodity prices need not be feared as heralds of worldwide deflation.
ABN AMRO MeesPierson expects bond prices to drop in the coming period due to a combination of economic growth and an expected interest rate hike in the United States. The private bank believes the Fed will raise interest rates by 0.25% in September and December, bringing the expected interest rate to a maximum of 0.75% at year-end. The bank says the resulting drop in prices justifies an underweighting in bonds.
Fees for third-party banking clients are on the rise. These clients are generally large foreign companies that often operate worldwide and also have a bank account in the Netherlands.
More than two-thirds of people working in the Netherlands who receive a tax refund put this money into their savings accounts. People use the money to a lesser extent to make a large purchase or to go on a holiday, and nearly one-quarter use their tax refund to pay off debts. These are the results of a survey conducted by ABN AMRO among more than 1,200 working people in the Netherlands.
Hotel and catering sector set for larger share as revenues in the food industry recover
In-home care and small-scale care becoming more prominent
Industry investing heavily in custom solutions
Leisure sector to use personalised information to draw consumers
Need for municipalities, education and corporations to innovate in network society
Outlook encouraging for retail in 2015 and 2016
Cloud and online marketing drives further growth in the TMT sector
Technological innovations spell structural change for the transport industry
Small operators on the rise in the professional services
Fair wind for Dutch businesses in 2015
Agricultural sector growth contingent upon innovation
