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 half of this year. New restrictive measures could also lead to high inflation, which means that households have less to spend and consumption recovers more slowly, the bank said.

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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 …

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 …

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 …

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 …

Rabobank raises savings account interest rate above 1 percent; First major Dutch bank
1 year, 7 months ago

Rabobank raises savings account interest rate above 1 percent; First major Dutch bank

NL Times  

Rabobank will increase the interest rates on savings accounts from 0.75 percent to 1 percent on June 1. But since the European Central Bank started hiking interest rates to try and temper the high inflation caused by the Russian war in Ukraine, the Dutch banks have raised savings interest rates several times. Earlier this month, Minister Sigrid Kaag of Finance …

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 …

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 …

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 …

Dutch home prices to drop 3% next year; Still unaffordable to many: Rabobank
2 years ago

Dutch home prices to drop 3% next year; Still unaffordable to many: Rabobank

NL Times  

Home prices will fall by 3 percent next year, and by another 1.5 percent in 2024, Rabobank expects. But the falling house prices will not automatically lead to more sales, partly due to the rise in the mortgage interest rates. “In the meantime, even two average annual incomes are insufficient to buy an average-priced home,” said De Groot. “We think …

Dutch housing prices could fall 3% next year, 2% in 2024, says Rabobank
2 years, 1 month ago

Dutch housing prices could fall 3% next year, 2% in 2024, says Rabobank

NL Times  

The increasing mortgage interest rates will cool down the Netherlands’ housing market fast, economists at Rabobank expect. “By the end of 2024, home prices are expected to be 7.4 percent lower than today, roughly at the level of the last quarter of 2021,” Rabobank said. If central banks increase the capital interest rates by another 1 percent, house prices will …

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 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 …

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 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 …

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 …

Women hit harder by coronavirus pandemic: Rabobank
3 years, 3 months ago

Women hit harder by coronavirus pandemic: Rabobank

NL Times  

Women seem to suffer more under the coronavirus crisis than men. "That means that the Netherlands is in worse shape on four of the eleven dimensions of broad prosperity than before the coronavirus pandemic," said Hardeman when announcing the results. The prosperity dimensions of happiness, social contacts and housing deteriorated last year, but remained stable this year. "However, last spring's …

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 …

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 …

Netherlands residents not spending lockdown savings: Rabobank
3 years, 6 months ago

Netherlands residents not spending lockdown savings: Rabobank

NL Times  

The billions of euros Netherlands residents put into their savings accounts during the coronavirus crisis will stay where it is for the time being. Most people don't plan on spending their savings in the near future, Rabobank concluded in a survey of 1,546 people, NOS reports. In 2020 Netherlands residents saved a massive 77 billion euros, the highest amount since …

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. …

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 …

Lockdown extension will push Dutch economy into recession: Economists
3 years, 11 months ago

Lockdown extension will push Dutch economy into recession: Economists

NL Times  

If Prime Minister Mark Rutte extends the current hard coronavirus lockdown as he is expected to announce in a press conference on Tuesday, it will push the Dutch economy into a recession, NU.nl reported after speaking to economists from ING and Rabobank. The economists expect that the economy shrank in the last quarter of 2020, due to the stricter coronavirus …

Harsher Covid measures now will mean quicker economic growth: Dutch central bank
4 years ago

Harsher Covid measures now will mean quicker economic growth: Dutch central bank

NL Times  

Despite the government being expected to announce a hard lockdown in the Netherlands this evening, Dutch central bank DNB is still quite positive about the Dutch economy. These range from 4.9 percent economic growth next year in the mild scenario, to 0.2 percent growth in the severe scenario. If the strict lockdown is implemented as sources say and lasts until …

Economic growth will be slower next year due to second coronavirus wave: CPB
4 years ago

Economic growth will be slower next year due to second coronavirus wave: CPB

Dutch News  

The Dutch economy will contract 4.2% this year, slightly less than expected, the government’s macro-economic think-tank CPB said in its latest forecasts. However, the CPB said, the second coronavirus wave will mean the recovery next year will be slower than forecast earlier. Unemployment will increase to more than 6% in 2021, affecting particularly young people, employees on a flexible employment …

Dutch economy to shrink 4.3% this year, grow 2.6% in 2021: ING
4 years, 1 month ago

Dutch economy to shrink 4.3% this year, grow 2.6% in 2021: ING

NL Times  

After shrinking 4.3 percent this year, the Dutch economy will grow again in 2021, by 2.6 percent, economists at ING expect. The Dutch economy should be back to the size of the last quarter last year by mid-2022. Sectors hit hardest by the pandemic, like hospitality, transport and healthcare, will According to ING, the economic contraction this quarter will be …

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 …

Covid won't snap the Dutch pull on the international community: Rabobank
4 years, 1 month ago

Covid won't snap the Dutch pull on the international community: Rabobank

Dutch News  

The Netherlands has an enormous pull on expats, who come here to study or work. ‘In recent years a lot of internationals have come to the Netherlands, especially to Amsterdam,’ he says. ‘Some come here to live here for work, but there are also a lot of expats who study or do work experience in Dutch companies and then decide …

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 …

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 …

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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