4 years, 4 months ago
Recession: Dutch economy shows worst ever contraction
NL TimesIn the second quarter of this year, the Dutch economy shrank by 8.5 percent compared to the previous quarter and a massive 9.5 percent compared to the second quarter of 2019, Statistics Netherlands reported on Friday based on its first calculations. Households spent 10.4 percent less in the second quarter than in the first, an 11.8 percent less than the year before. Investments declined by 12.4 percent quarter on quarter, and by 10.7 percent compared to the second quarter of 2019. And government consumption decreased by 3 percent compared to the first quarter and by 3.5 percent compared to last year.
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History of this topic
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4 years, 2 months ago
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