Coronavirus to put Dutch economy in recession: Rabobank
4 years, 9 months ago

Coronavirus to put Dutch economy in recession: Rabobank

NL Times  

The Covid-19 crisis will result in the Dutch economy shrinking by 0.2 percent this year, according to economists from Rabobank. "The crisis is affecting almost all sectors, but the biggest blows are in the construction, agriculture, hospitality, and transport sectors," the economists said. Although the business community is happy with the government's measures to prevent mass redundancies, they fear the bureaucracy that will come with these new measures, Financieele Dagblad reports. Companies also doubt whether the Tax Authority and benefits agency UWV will be able to handle all the applications for the new bridging scheme that is replacing the working hour reduction regulation.

History of this topic

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