Not everyone benefiting from Dutch prosperity, DNB president says
9 months, 1 week ago

Not everyone benefiting from Dutch prosperity, DNB president says

NL Times  

“We see that while the Dutch economy is doing quite well, it is not working well enough for some groups in society,” De Nederlandsche Bank president Klaas Knot said on Thursday when presenting the DNB’s annual report. Despite sluggish economic growth, the Dutch economy is still running above capacity and escaped a deep recession despite the pandemic and high inflation. Inflation - “The biggest headache over the past two years,” according to Knot - has dropped to 2.7 percent and will continue to fall to 2.2 percent next year - very near to the European Central Bank’s target of 2 percent. The Netherlands “However, our economy also faces significant, structural challenges: in the labor market and in the housing market, and when it comes to dealing with our limited physical space and ensuring our living environment remains healthy.

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History of this topic

Dutch economic growth will pick up in coming years, inflation to stay higher than EU
1 week, 4 days ago

Dutch economic growth will pick up in coming years, inflation to stay higher than EU

NL Times  

Economic growth in the Netherlands will pick up in the coming years growing 0.9 percent this year and 1.5 percent each in 2025 and 2026, despite an increasing threat from geopolitical uncertainty. The growth is mainly driven by household consumption and government spending, but the DNB also expects world trade to pick up and exports to contribute more to economic …

ING expecting a moderate growth of 1.3 percent for the Dutch economy next year
2 weeks, 5 days ago

ING expecting a moderate growth of 1.3 percent for the Dutch economy next year

NL Times  

The Dutch economy will continue to grow at a moderate pace, ING economists expect. ING predicts that the economy will grow by 1.3 percent in 2025 after a weak growth of 0.8 percent this year. Now that the European Central Bank is lowering interest rates to support the economy and the Dutch budget deficit is rising, there appears to be …

Dutch business climate has worsened since 2018: PwC
3 months, 3 weeks ago

Dutch business climate has worsened since 2018: PwC

Dutch News  

The business climate in the Netherlands has been deteriorating since 2018, due both to physical restrictions and volatile legislation which is making it difficult to plan long-term investments, according to a report by consultancy PwC. The agency has drawn up a “heat map” based on 60 different indicators across six categories and concludes that while other countries are all facing …

Dutch business climate has worsened since 2018: PwC
3 months, 3 weeks ago

Dutch business climate has worsened since 2018: PwC

Dutch News  

The business climate in the Netherlands has been deteriorating since 2018, due both to physical restrictions and volatile legislation which is making it difficult to plan long-term investments, according to a report by consultancy PwC. The agency has drawn up a “heat map” based on 60 different indicators across six categories and concludes that while other countries are all facing …

Economists think the Dutch economy will avoid a recession
4 months, 1 week ago

Economists think the Dutch economy will avoid a recession

NL Times  

The Dutch economy will most likely avoid a recession. But this time, experts consulted by the financial news agency Bloomberg are counting on an average increase of 0.2 percent compared to the previous period. ABN Amro economist Aggie van Huisseling is expecting 0.2 percent growth. "It is also because the unemployment rate is so low," said Van Huisseling. Van Huisseling …

Dutch people think more negatively about housing, safety and health, study finds
1 year, 3 months ago

Dutch people think more negatively about housing, safety and health, study finds

NL Times  

For the second year in a row, Dutch people have become more negative about issues such as housing, social involvement, health, and safety, according to a study by Rabobank. The bank also notes that the broad prosperity of Dutch people is not recovering this year, after deteriorating last year. According to Rabobank, incomes have indeed improved "significantly," mainly due to …

Netherlands dealing with structural, persistent inequality: SCP
1 year, 9 months ago

Netherlands dealing with structural, persistent inequality: SCP

NL Times  

Your position in Dutch society depends not only on money, education, and profession but also on who you know, where you fit in, your condition, and whether you are attractive. In its Contemporary Inequality report, the SCP distinguishes seven social classes: the working upper class, the younger privileged, the upper-income earner, the working middle group, the low-skilled retirees, the insecure …

Dutch economy grew 4.5% last year; Consumer spending at record high
1 year, 10 months ago

Dutch economy grew 4.5% last year; Consumer spending at record high

NL Times  

The Dutch economy grew 4.5 percent last year, mainly thanks to more household consumption, Statistics Netherlands reported. Last year, 441,000 jobs were added to the job market, and the share of the Dutch population with paid work reached record heights. The added value of the culture, sports, recreation, and other services sector grew 34 percent last year. The Dutch economy …

Labor market shortage can prevent wave of layoffs in the Netherlands
1 year, 10 months ago

Labor market shortage can prevent wave of layoffs in the Netherlands

NL Times  

Residents should not expect that the wave of layoffs announced by large American companies will lead to that trend continuing in the Netherlands. "After all that effort in recruiting employees, you don't just let them leave," said Wilthagen, who is a professor at Tilburg University with expertise on the labor market. And although "each individual dismissal is of course annoying" …

D66: Netherlands risks falling into 'Brexit trap' on migration
2 years ago

D66: Netherlands risks falling into 'Brexit trap' on migration

Dutch News  

The Netherlands needs to widen its debate on migration beyond a simple discussion of quotas or risk running into a Brexit-style dead end, D66 parliamentary group leader Jan Paternotte has warned. ‘Meanwhile you see Germany, which has a labour market that looks quite a lot like ours, saying: we actually need more labour migration.’ Paternotte said the debate focused too …

D66: Netherlands risks falling into 'Brexit trap' on migration
2 years ago

D66: Netherlands risks falling into 'Brexit trap' on migration

Dutch News  

The Netherlands needs to widen its debate on migration beyond a simple discussion of quotas or risk running into a Brexit-style dead end, D66 parliamentary group leader Jan Paternotte has warned. ‘Meanwhile you see Germany, which has a labour market that looks quite a lot like ours, saying: we actually need more labour migration.’ Paternotte said the debate focused too …

Netherlands in a "mild" economic recession: ING economist
2 years, 1 month ago

Netherlands in a "mild" economic recession: ING economist

NL Times  

The Netherlands is in a mild economic recession, according to ING chief economist Marieke Blom. “I think we have passed the tipping point and are in a mild recession,” Blom said to Nieuwsuur. “But in the third quarter, we see that consumer spending is somewhat lower again.” Based on lower amounts spent and the increase in prices, Blom estimates that …

Dutch housing update: prices are down, interest is up
2 years, 2 months ago

Dutch housing update: prices are down, interest is up

Dutch News  

A round-up of the latest housing news, brought to you by Expat Mortgages. House prices and interest rates There are now real signs that the overheated Dutch housing market is cooling down, as interest rates rise and buyers are faced with less borrowing capacity. ‘After all, think of what you will end up paying in rent.’ Legal changes There was …

Dutch housing update: prices are down, interest is up
2 years, 2 months ago

Dutch housing update: prices are down, interest is up

Dutch News  

A round-up of the latest housing news, brought to you by Expat Mortgages. House prices and interest rates There are now real signs that the overheated Dutch housing market is cooling down, as interest rates rise and buyers are faced with less borrowing capacity. ‘After all, think of what you will end up paying in rent.’ Legal changes There was …

Dutch labor market super tight: 133 vacancies per 100 unemployed
2 years, 7 months ago

Dutch labor market super tight: 133 vacancies per 100 unemployed

NL Times  

The labor market in the Netherlands is still growing tighter. In the first quarter of this year, there were 133 open vacancies per 100 unemployed people, up from 106 per 100 unemployed in the fourth quarter of 2021. The number of vacancies continues to grow as the number of unemployed people continues to fall, Statistics Netherlands reported on Tuesday. The …

Amsterdam economy growing, but prosperity stagnating
2 years, 9 months ago

Amsterdam economy growing, but prosperity stagnating

NL Times  

Although Amsterdam has the fastest growing economy in the Netherlands, the city performs below average in terms of broad prosperity, according to research by Rabobank. Rabobank believes that the Amsterdam Metropolitan Area should focus more on people instead of economic growth to rectify the situation. They also think that companies and citizens can be better involved in the tasks of …

Dutch economy saw strongest growth in two decades
2 years, 10 months ago

Dutch economy saw strongest growth in two decades

NL Times  

The Dutch economy grew by 4.8 percent last year - the strongest growth since 1998. The Dutch economy grew slightly in the last quarter of last year, despite the Omicron coronavirus wave and new lockdown measures. According to the stats office, the added value of the hospitality industry was still over 30 percent lower last year than in 2019. And …

NL residents less satisfied with their homes, neighborhoods
3 years ago

NL residents less satisfied with their homes, neighborhoods

NL Times  

Last year people were less satisfied with their living environment than the year before. The distance of facilities like primary schools, cafes, and sports fields increased on average, and people were less satisfied with their homes and neighborhood. Dissatisfaction with the housing situation has been increasing for several years, explained chief economist Peter Hein van Mulligen of CBS. In addition, …

Disposable income rises most in 20 years as Dutch economy posts stronger growth
3 years, 3 months ago

Disposable income rises most in 20 years as Dutch economy posts stronger growth

NL Times  

The Dutch economy grew more in the second quarter than initial figures showed and that is also reflected in household incomes, which saw the strongest growth since the second quarter of 2002, Statistics Netherlands reported In the second quarter of this year, Dutch households' disposable income was 3.1 percent higher than the same quarter last year. The number of jobs …

Disposable income in the Netherlands doubled in the past 50 years
3 years, 8 months ago

Disposable income in the Netherlands doubled in the past 50 years

NL Times  

The average net disposable income for Dutch households rose by 112 percent in 2020 compared to 1969, Statistics Netherlands stated. That means that last year the net disposable income per person lay at 21.9 thousand euros. The faster growth of the GDP compared to the net disposable income is due to a stagnation of the net disposable income per household …

Dutch economy to grow 2.2% this year; Less unemployment than feared
3 years, 8 months ago

Dutch economy to grow 2.2% this year; Less unemployment than feared

NL Times  

The Dutch economy will grow slightly less than previously expected this year due to the ongoing coronavirus pandemic. For this year, the CPB expects the Dutch economy to grow by 2.2 percent. Next year, the economy will strengthen further and CPB expects a growth of 3.5 percent. Now the CPB expects that unemployment will peak next year with over 400 …

Dutch economy shrank by 3.8% last year, worst result since World War II
3 years, 10 months ago

Dutch economy shrank by 3.8% last year, worst result since World War II

Dutch News  

The Dutch economy shrank by 3.8% last year, the biggest contraction since World War II, national statistics agency CBS said on Monday. However, fewer jobs have gone than could have been expected, thanks to government support measures, CBS chief economist Peter Hein van Mulligen told an online press conference. 2021 Last week, the European Commission said the Dutch economy will …

Dutch economy shrank by 3.8% last year, worst result since World War II
3 years, 10 months ago

Dutch economy shrank by 3.8% last year, worst result since World War II

Dutch News  

The Dutch economy shrank by 3.8% last year, the biggest contraction since World War II, national statistics agency CBS said on Monday. However, fewer jobs have gone than could have been expected, thanks to government support measures, CBS chief economist Peter Hein van Mulligen told an online press conference. 2021 Last week, the European Commission said the Dutch economy will …

Dutch economy saw biggest contraction since WWII in 2020
3 years, 10 months ago

Dutch economy saw biggest contraction since WWII in 2020

NL Times  

The Dutch economy shrank by 3.8 percent last year, the largest contraction measured since the Second World War, Statistics Netherlands reported based on the currently available figures on Tuesday. The biggest blow to the economy happened in the second quarter of 2020, when the economy shrank an unprecedented -8.5 percent compared to the previous quarter. The culture, recreation, sports and …

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 …

Dutch housing prices up 11.6% in third quarter despite Covid crisis
4 years, 2 months ago

Dutch housing prices up 11.6% in third quarter despite Covid crisis

NL Times  

So far it looks like the coronavirus crisis completely ignored the Dutch owner-occupied housing market. In the third quarter a record number of homes were sold at prices nearly 12 percent higher than the same quarter last year, the Dutch association for realtors NVM reported on Thursday. A total of 41,500 homes were sold at an average price of 354 …

Dutch economy remains in deep dip, but government bailouts are having an impact
4 years, 2 months ago

Dutch economy remains in deep dip, but government bailouts are having an impact

Dutch News  

The Dutch economy remains in a deep dip but measures introduced by the government to bail out companies hit by the lockdown have had a major impact on key indicators, national statistics agency CBS said in its October economic update. Last month, figures from credit insurer Atradius show that the Dutch approach to the crisis has been ‘efficient’ and have …

NL home prices up 8% to highest level ever
4 years, 3 months ago

NL home prices up 8% to highest level ever

NL Times  

In August, existing home prices in the Netherlands were 8.2 percent higher than in the same month last year - the biggest increase in 1.5 years, Statistics Netherlands said on Monday. A total of 19,034 homes changed ownership in the country in August, nearly 3 percent less than in August 2019, according to figures from the Land Registry. According to …

Eurozone countries need to increase economic integration, says Dutch central bank chief
4 years, 3 months ago

Eurozone countries need to increase economic integration, says Dutch central bank chief

Dutch News  

The 19 EU member states which are members of the eurozone will have to integrate their economies more closely and share more risk to avoid a possible collapse of the currency, Dutch central bank chief Klaas Knot said in a lecture on Tuesday. Without further integration, economic inequality between eurozone countries will increase, there will be more debt crises and …

Eurozone countries need to increase economic integration, says Dutch central bank chief
4 years, 3 months ago

Eurozone countries need to increase economic integration, says Dutch central bank chief

Dutch News  

The 19 EU member states which are members of the eurozone will have to integrate their economies more closely and share more risk to avoid a possible collapse of the currency, Dutch central bank chief Klaas Knot said in a lecture on Tuesday. Without further integration, economic inequality between eurozone countries will increase, there will be more debt crises and …

Dutch economy to shrink by 5% this year, if no more major Covid-19 restrictions
4 years, 4 months ago

Dutch economy to shrink by 5% this year, if no more major Covid-19 restrictions

Dutch News  

The government’s macro-economic think-tank CPB says the Dutch economy will shrink by 5% in 2020, assuming there are no more large-scale new physical contact restrictions needed to combat coronavirus. Prime minister Mark Rutte said last week that the cabinet is thinking ‘very carefully’ about what a third package of measures should include and finance minister Wopke Hoekstra said that a …

Dutch economy expected to grow again next year, Covid-19 effects to linger
4 years, 4 months ago

Dutch economy expected to grow again next year, Covid-19 effects to linger

NL Times  

The Dutch economy will shrink by 5.1 percent this year, but recovery will start at the end of the year and in 2021 the economy will grow by 3.2 percent, according to central planning office CPB's draft-macroeconomic foresight studies. The effects of the Covid-19 crisis will linger, however, with unemployment rising to 7 percent next year. Household consumption will decrease …

Dutch economy shrinks 8.5% in Q2, as jobless total continues to rise
4 years, 4 months ago

Dutch economy shrinks 8.5% in Q2, as jobless total continues to rise

Dutch News  

The Dutch economy shrank by an ‘unprecedented’ 8.5% in the second quarter of this year, compared with the previous quarter, national statistics agency CBS said on Friday. CBS chief economist Peter Hein van Mulligen described the drop as ‘unprecented’. ‘There has been colossal damage to the economy, with a total contraction of 10% over two quarters,’ he said. In total, …

Recession: Dutch economy shows worst ever contraction
4 years, 4 months ago

Recession: Dutch economy shows worst ever contraction

NL Times  

In 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 …

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