The current lockdown means that the catering industry is losing 200 million euros in turnover every week, economists at ABN Amro have calculated. The leisure sector, which includes both the hospitality industry and travel organizations, will also not return to the level of 2019 next year, due to the effects of the coronavirus pandemic. The transport and logistics sector also …
Dutch cinemas are unlikely to recover from financial losses caused by the coronavirus crisis in the foreseeable future, experts from ABN Amro predicted. Cinemas are slowly getting back on their feet partly because of the success of the new James Bond film that premiered in Dutch cinemas at the end of September, according to ABN Amro. ABN Amro does not …
Instead of decreasing home prices in the Netherlands, the coronavirus crisis will instead stabilize them, according to ABN Amro economist Philip Bokeloh. Earlier this year, the bank expected the crisis to result in a 2 percent drop in home prices next year, now it expects prices to remain stable. According to Bokeloh, a big reason for the housing market to …
It will take the Dutch economy until 2022 to fully recover to pre-coronavirus crisis levels, according to ABN Amro economists. In the third quarter - the current quarter - the economy will grow strongly compared to the second quarter, after the low point was reached in April and May due to the lockdown closing multiple sectors. That will only be …