Best ever quarterly improvement for Dutch economy; Not enough to make up for pandemic
4 years, 1 month ago

Best ever quarterly improvement for Dutch economy; Not enough to make up for pandemic

NL Times  

After an unprecedented contraction in the second quarter of this year, the Dutch economy showed the best ever improvement in the third quarter, growing by 7.7 percent. While the Dutch economy is performing better than average in the European Union, the growth in July, August and September was not enough to make up for the pandemic-triggered contraction in the first half of the year, Statistics Netherlands reported on Friday. "The Dutch economy is now 3 percent smaller than at the end of 2019, before the corona crisis," Statistics Netherlands chief economist Peter Hein van Mulligen explained. Compared to the third quarter of last year, when the coronavirus pandemic was still far away on the horizon, the economy contracted by 2.5 percent in the third quarter.

History of this topic

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