Dutch economy will grow by 3.6 percent next year: ING
3 years ago

Dutch economy will grow by 3.6 percent next year: ING

NL Times  

The Dutch economy will grow by 3.6 percent in 2022 according to projections by ING. "This is the main risk in the growth forecasts, especially with the developments of new variants of the virus," said ING economist Marcel Klok. ING is projecting the Dutch economy to grow by more than 4 percent compared to 2019 levels. ING thinks inflation will dip back below 2 percent in the second half of the year, "when the impact of energy is smaller."

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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 …

Consumer spending and government investments drive Dutch economic growth
2 weeks, 2 days ago

Consumer spending and government investments drive Dutch economic growth

NL Times  

Dutch consumers are expected to increase spending over the next two years, contributing significantly to the country’s economic growth, according to economists at Rabobank. Economists attribute this to an anticipated rise in consumer spending, which accounts for over 40 percent of the economy, and increased government investments in healthcare, defense, and green energy transitions. This growth is fueled by an …

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 economy should grow 1.5% next year, but inflation will remain high, says ABN Amro
3 weeks, 2 days ago

Dutch economy should grow 1.5% next year, but inflation will remain high, says ABN Amro

NL Times  

The Dutch economy will continue to grow in the next two years although the pace of this will slow slightly. American import duties will slow the growth somewhat in the second half of next year. In 2025, growth will reach 1.5 percent, after which this will slow down due to the introduction of American import duties. But historically high wage …

Economic growth hits 0.8% in Q3, ahead of eurozone and US
1 month, 1 week ago

Economic growth hits 0.8% in Q3, ahead of eurozone and US

Dutch News  

The Dutch economy grew by an estimated 0.8% in the third quarter of this year when compared with the second, national statistics agency CBS said on Thursday. Economic growth was also up 1.1% in the second quarter, an upward revision of 0.1 percentage point on the earlier estimate. Higher government and consumer spending are behind the increase, chief economist Peter …

Dutch economy grew 0.8 percent in third quarter
1 month, 1 week ago

Dutch economy grew 0.8 percent in third quarter

NL Times  

The Dutch economy grew by 0.8 percent in the third quarter of this year compared to the previous quarter, Statistics Netherlands reported on Thursday based on an initial calculation for the months of July to September. It also adjusted growth in the second quarter slightly higher: instead of 1 percent, the gross domestic product increased by 1.1 percent in that …

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 …

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024
7 months, 1 week ago

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024

Associated Press  

UNITED NATIONS — The United Nations reported improved prospects for the world economy since its January forecast on Thursday, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia. “Globally, energy and food prices are inching upward in recent months, but I think a bit more insidious even is the persistence …

Poor Dutch economic data last quarter: GDP falls 0.1% as exports slump 6% in March
7 months, 1 week ago

Poor Dutch economic data last quarter: GDP falls 0.1% as exports slump 6% in March

NL Times  

The Dutch economy reversed course during the first three months of the year, with the gross domestic product sliding backward for the fourth time in five quarters. The GDP fell by 0.1 percent from January to March, according to Statistics Netherlands, which released new data on Wednesday that also showed exports fell sharply by 6 percent in March alone. “The …

Dutch inflation rate falls to 3.8 percent in 2023, compared to 10 percent in 2022
11 months, 2 weeks ago

Dutch inflation rate falls to 3.8 percent in 2023, compared to 10 percent in 2022

NL Times  

The annual inflation rate in the Netherlands was estimated at 3.8 percent in 2023, according to the first calculation from Statistics Netherlands. In December, this rate of inflation was still 3.4 percent, compared to 4.2 percent a month earlier and 8.1 percent at the peak in February and March. In December, inflation including the energy bill amounted to 1.2 percent …

Dutch economic growth projections slashed in revised European forecast
1 year, 3 months ago

Dutch economic growth projections slashed in revised European forecast

NL Times  

The European Commission has significantly lowered expectations for economic growth in the Netherlands this year. In its summer forecast, the executive body of the European Union now says it expects growth of just 0.5 percent for the Netherlands in 2023. Because many wages have now been significantly increased and inflation is gradually decreasing, consumption will not decline further in the …

Dutch economy to grow slightly this year despite recession: ABN Amro
1 year, 3 months ago

Dutch economy to grow slightly this year despite recession: ABN Amro

NL Times  

ABN Amro expects the Dutch economy to grow slightly by 0.5 percent this year. Rising interest rates due to central bank interest rate increases also have a slowing effect because, for example, it makes borrowing more expensive. In addition, the European Central Bank’s target for inflation of 2 percent remains out of sight, according to ABN Amro. ABN Amro also …

Inflation to remain high, economic growth will slow down, economists say
1 year, 9 months ago

Inflation to remain high, economic growth will slow down, economists say

NL Times  

Inflation in the Netherlands will remain stubbornly high, Rabobank economists noted in a new report about the Dutch economy. The economists said their forecasts are subject to uncertainty as “it is difficult to predict oil, gas, and electricity prices due to their volatility, and we cannot know for certain whether the government will support households and businesses next year, and …

No recession, but little growth for Dutch economy this year: ABN Amro
1 year, 9 months ago

No recession, but little growth for Dutch economy this year: ABN Amro

NL Times  

The Dutch economy will not shrink this year, but its growth will slow down, ABN Amro expects. The bank predicts that the economy will grow 1.2 percent this year and 1.3 percent next year. Over the past two years, the Dutch economy grew more than 4 percent per year. The bank expects that consumer prices will rise by 4.4 percent …

ING expects Dutch home prices to fall even further in 2023
1 year, 9 months ago

ING expects Dutch home prices to fall even further in 2023

NL Times  

Economists at ING predicted an even stronger fall in home prices than previously reported. The main cause of the fall this year will be the strong rise in mortgage interest rates, which rose by an average of 3 percentage points in 2022, according to ING. But according to ING economists, other developments in the housing market have made it more …

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 …

Netherlands prevents recession with 4th quarter growth of 0.6 percent
1 year, 10 months ago

Netherlands prevents recession with 4th quarter growth of 0.6 percent

NL Times  

The Dutch economy did not end up in a recession as economists feared. After a 0.2 percent contraction in the third quarter, the economy grew by 0.6 percent in the last quarter of 2022, Statistics Netherlands reported based on initial figures on Tuesday. In the entire 2022, the Dutch economy grew by 4.5 percent, mainly thanks to consumer spending and …

ABN Amro: Netherlands can expect recession, but turnaround will lead to 2023 growth
2 years ago

ABN Amro: Netherlands can expect recession, but turnaround will lead to 2023 growth

NL Times  

The high inflation and rising interest rates are putting pressure on the Dutch economy, which will therefore wind up sliding into a recession. Because wages will also continue to rise and the government is limiting energy costs, consumers will likely start spending more starting in the second quarter next year. Despite that, experts at ABN Amro still think that consumer …

Gloomier outlook for Dutch economy from OECD; Inflation to remain high till 2024
2 years, 1 month ago

Gloomier outlook for Dutch economy from OECD; Inflation to remain high till 2024

NL Times  

The Dutch economy will grow less than previously estimated, mainly due the inflation, which will remain high until at least the end of 2024, the Organization for Economic Cooperation and Development warned in its annual report for the Netherlands, NOS reports. Despite a 0.2 percent contraction in the third quarter, the OECD expects the Dutch economy to grow by 4.2 …

Dutch economy will contract in Q4, EU Commission says
2 years, 1 month ago

Dutch economy will contract in Q4, EU Commission says

Dutch News  

Most European countries will go into recession by the end of this year and this situation will continue until spring 2023, the European Commission said in its latest economic forecasts on Friday. The commission said the Dutch economy is set to stagnate in the third quarter and to contract modestly in the fourth. Read the forecast ‘The shocks unleashed by …

Dutch economy will contract in Q4, EU Commission says
2 years, 1 month ago

Dutch economy will contract in Q4, EU Commission says

Dutch News  

Most European countries will go into recession by the end of this year and this situation will continue until spring 2023, the European Commission said in its latest economic forecasts on Friday. The commission said the Dutch economy is set to stagnate in the third quarter and to contract modestly in the fourth. Read the forecast ‘The shocks unleashed by …

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 …

IMF: Inflation will remain very high next year, stalling Dutch economic growth
2 years, 2 months ago

IMF: Inflation will remain very high next year, stalling Dutch economic growth

NL Times  

Inflation in the Netherlands is likely to remain at a very high level next year, and economic growth will likely grind to a halt, the International Monetary Fund predicted. In the latest estimates from the Dutch government's Central Planning Bureau, the economy of the Netherlands could see possible growth next year of 1.5 percent. Because of proposals to boost purchasing …

Dutch inflation jumps to 13.6%; To remain high for a while: DNB president
2 years, 3 months ago

Dutch inflation jumps to 13.6%; To remain high for a while: DNB president

NL Times  

Daily life in the Netherlands was 13.6 percent more expensive in August than the same month last year, Statistics Netherlands reported. “But even if this slowdown does come, it alone won’t be enough to get inflation toward our medium-term target.” At the same time, Knot Because of all these issues, Knot, who is known as a hawk within the European …

Netherlands price rises increasingly persistent, widespread: ABN Amro
2 years, 4 months ago

Netherlands price rises increasingly persistent, widespread: ABN Amro

NL Times  

High energy prices are making more and more products and services in the Netherlands more expensive, and the price increases are becoming more persistent, economists at ABN Amro said in response to new inflation figures from Statistics Netherlands. ABN Amro’s experts believe that energy prices will remain high until the end of 2023. “We assume that this can take until …

9.4% inflation expected for Netherlands in 2022
2 years, 5 months ago

9.4% inflation expected for Netherlands in 2022

NL Times  

The average inflation in the Netherlands will be 9.4 percent this year, the European Commission expects. According to the daily management of the EU, inflation will drop to an annual average of 3.3 percent, but economic growth will remain limited to 1 percent. The Commission estimates inflation in 2023 at 4 percent for all euro countries and adjusted economic growth …

Consumer spending pushed Dutch economic growth in first quarter
2 years, 6 months ago

Consumer spending pushed Dutch economic growth in first quarter

NL Times  

The Dutch economy grew in the first three months of this year compared to the closing quarter of 2021 after all. Compared to the same period last year, the Dutch economy grew by 6.7 percent instead of the previous estimate’s 7 percent. Households also generally had more income in the first quarter of this year compared to a year ago, …

South Korea’s economy slows in Q1 on COVID curbs, inflation
2 years, 7 months ago

South Korea’s economy slows in Q1 on COVID curbs, inflation

Al Jazeera  

Economic growth nearly halves in first quarter to 0.7 percent amid lower spending due to COVID curbs and inflation. South Korea’s economic growth nearly halved in the first quarter from the previous three months as consumers and companies cut spending amid coronavirus curbs and surging inflation. “We are already seeing early signs of a recovery in private consumption as the …

Citing Russia’s war, IMF cuts global growth forecast to 3.6%
2 years, 8 months ago

Citing Russia’s war, IMF cuts global growth forecast to 3.6%

Associated Press  

WASHINGTON — The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia’s war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing uncertainty already heightened by the coronavirus and its variants. “The war will slow economic growth and increase inflation,” IMF chief economist Pierre-Olivier Gourinchas …

Dutch economy grew more than gov't debt in 2021
2 years, 8 months ago

Dutch economy grew more than gov't debt in 2021

NL Times  

Government debt amounted to 52.1 percent of gross domestic product last year, down from 54.3 percent. The Dutch government saw its income increase by 25 billion euros to 337 billion euros last year. People spent more in the second year of the coronavirus crisis than in 2020, which increased the government's VAT revenues by 6 billion euros. Non-tax revenues increased …

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 may get over €1bn less from EU coronavirus recovery funds
2 years, 10 months ago

NL may get over €1bn less from EU coronavirus recovery funds

Dutch News  

The Netherlands may receive more than €1bn less than expected from European coronavirus recovery funds because the economy has performed better than earlier estimates indicated, finance minister Sigrid Kaag told MPs on Friday The Netherlands had expected some €6bn from Brussels and €5.8bn had been used in calculations for drawing up the new government spending plans. However, the real figure …

NL may get over €1bn less from EU coronavirus recovery funds
2 years, 10 months ago

NL may get over €1bn less from EU coronavirus recovery funds

Dutch News  

The Netherlands may receive more than €1bn less than expected from European coronavirus recovery funds because the economy has performed better than earlier estimates indicated, finance minister Sigrid Kaag told MPs on Friday The Netherlands had expected some €6bn from Brussels and €5.8bn had been used in calculations for drawing up the new government spending plans. However, the real figure …

US economy grew at 2.3% rate in Q3, up from earlier estimate
3 years ago

US economy grew at 2.3% rate in Q3, up from earlier estimate

Associated Press  

WASHINGTON — The U.S. economy grew at a 2.3% rate in the third quarter, slightly better than previously thought, the Commerce Department said Wednesday. “History is repeating itself with the COVID virus suddenly reappearing and dampening economic growth prospects,” said Sung Won Sohn, an economics and business professor Loyola Marymount University in Los Angeles. Kathy Bostjancic, chief U.S. financial economist …

Dutch Central Bank slashed 2022 economic forecast; Long-term vision for pandemic needed
3 years ago

Dutch Central Bank slashed 2022 economic forecast; Long-term vision for pandemic needed

NL Times  

The Dutch Central Bank reduced its economic growth forecast for the Netherlands in 2022, predicting that the hard lockdown announced last weekend will be a blow to the Dutch economy. The central bank predicted the country will achieve growth of 2.2 percent next year, down from the 3.6 percent it previously projected. In a hastily produced calculation, Olaf Sleijpen, the …

Almost all Dutch regions' economies doing better than pre-Covid
3 years ago

Almost all Dutch regions' economies doing better than pre-Covid

NL Times  

In most Dutch regions, the economy had fully recovered from the coronavirus crisis in the third quarter, according to Statistics Netherlands. Only the economies in what the stats office calls Overig Groningen - almost the entire province except for the region around Delfzijl - and Haarlemmermeer are still smaller than before the pandemic. If gas extraction is excluded, the economy …

Amsterdam economy hit harder than the rest of the Netherlands
3 years ago

Amsterdam economy hit harder than the rest of the Netherlands

NL Times  

The economy of Amsterdam and the surrounding region was hit a lot harder by the coronavirus crisis last year than the rest of the Netherlands. The Amsterdam Metropolitan Area reported that the region's economy shrank by 7.1 percent, almost twice as much as the Dutch economy as a whole. The regions were hit extra hard by the coronavirus measures because …

Dutch economy back to pre-Covid level in 3rd quarter
3 years, 1 month ago

Dutch economy back to pre-Covid level in 3rd quarter

NL Times  

The economy grew by 1.9 percent in the third quarter, bringing it to a higher level than before the pandemic for the first time since the outbreak of the coronavirus crisis, Statistics Netherlands reported. With the new increase, the economy has therefore fully recovered from the coronavirus contraction in the first and second quarter of last year. After that, there …

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 …

Dutch economy to grow 4.2% this year: Rabobank
3 years, 3 months ago

Dutch economy to grow 4.2% this year: Rabobank

NL Times  

The Dutch economy will likely grow by 4.2 percent this year and 3.7 percent next year, Rabobank wrote in a report. The bank expects that almost all business sectors will have fully recovered from the coronavirus crisis by 2022, provided no new restrictive measures are taken. Therefore, the bank expects "relatively strong" growth in gross domestic product in the second …

Dutch economy growing faster than expected; 3.8% growth this year
3 years, 4 months ago

Dutch economy growing faster than expected; 3.8% growth this year

NL Times  

The Dutch economy is growing faster than expected, the Bureau for Economic Policy Analysis said in its draft macro-economic surveys on Friday. The economy is expected to grow 3.8 percent this year, and 3.2 percent next year. The national budget deficit will amount to 5.3 percent this year, and 1.8 percent next year. That is slightly lower than the June …

Second Covid recession over: Dutch economy growing again
3 years, 4 months ago

Second Covid recession over: Dutch economy growing again

NL Times  

After half a year of economic contraction, the Dutch economy grew by 3.1 percent in the second quarter of this year, Statistics Netherlands said on Tuesday based on the currently available figures. The Dutch economy is not back to pre-pandemic levels yet, but with coronavirus lockdown measure relaxing, it seems to be heading that way. Compared to the second quarter …

Brussels revises Dutch economy recovery forecast, 3.3% growth expected
3 years, 5 months ago

Brussels revises Dutch economy recovery forecast, 3.3% growth expected

NL Times  

The European Commission has forecasted economic growth of 3.3% for the Netherlands during the next two years, De Telegraaf reported. “The European economy is making a strong comeback and all the right pieces are falling into place,” said EU Commission Vice President, Valdis Dombrovskis. The EU economy will grow at a rate of 4.8 percent on average this year, up …

Dutch economy to recover to pre-pandemic level by end of year says Central Bank
3 years, 6 months ago

Dutch economy to recover to pre-pandemic level by end of year says Central Bank

NL Times  

The Dutch economy has been showing signs of recovery starting from the second quarter of this year after the historic hit to the GDP last year. Recovery is happening so quickly that GDP could eclipse pre-pandemic levels by the end of the year, the Dutch Central Bank estimated in their semi-annual report. The recovery will continue rapidly next year with …

Dutch economy recovering from Covid crisis faster expected: Rabobank
3 years, 6 months ago

Dutch economy recovering from Covid crisis faster expected: Rabobank

NL Times  

The Dutch economy is recovering from the coronavirus crisis faster than previously thought, Rabobank economists believe. The bank now predicts that the economy will grow by 3.8 percent this year, up from its previous expectation of 2.3 percent growth for 2021, ANP reports. In addition, the Dutch economy turned out to be more resilient than previously thought, the bank stated. …

Netherlands enters second recession since start of pandemic
3 years, 7 months ago

Netherlands enters second recession since start of pandemic

NL Times  

The Netherlands has entered its second economic recession in less than a year with preliminary data showing that the gross domestic product shrank by 0.5 percent during the first quarter of 2021. “In the first quarter of 2021, GDP was still 3.4 percent below the level before the outbreak of the coronavirus pandemic,” the CBS stated. GDP for the quarter …

IMF says US economy is growing at its fastest pace since 1984
3 years, 8 months ago

IMF says US economy is growing at its fastest pace since 1984

CNN  

London CNN Business — President Joe Biden’s $1.9 trillion stimulus package will boost the US economy and drive faster global growth this year, the International Monetary Fund said Tuesday, though it warned that many countries continue to suffer from the pandemic and are at risk of being left behind. The IMF said the “unprecedented policy response” to the pandemic means …

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 …

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