The CPB macro-economic forecasting agency has updated its spring economic forecasts to reflect the war in Ukraine and now says the Netherlands could end up in a short recession. The new scenario assumes that the war will lead to long-term high energy and commodity prices and lower spending in various European economies. Dutch employers’ organisation VNO-NCW has also warned against …
The coronavirus crisis will cause long lasting damage to the Dutch economy, even if the virus is completely under control soon, according to central planning office CPB. The labor supply and investments will only recover in the long term - ten years or more, the CPB expects. "That does mean that we missed out on two years of economic growth," …
