On 12 September, caretaker Prime Minister Mark Rutte and his Liberal Party, which advocates further austerity reforms, won the parliamentary elections, obtaining 41 out of 150 seats in the lower house. The Labour Party, which did not support the austerity measures backed by Rutte that caused the collapse of the previous government coalition in April, came in second, garnering 38 seats. The populist right-wing Freedom Party of Geert Wilders, which had campaigned for the Netherlands to leave the Eurozone, lost almost half its seats. The results eased fears that Euro-sceptic parties would gain influence in the country, thus putting further pressure on the country's political stability and threatening its financial contribution to European rescue packages. The Liberal and Labour parties have started formal negotiations in order to form a coalition government. Both groups initially are in favour of supporting Euro area peripheral economies but have, nonetheless, widely differing views on a series of key subjects, including budget cuts and health care. Therefore, it could take months before a coalition is formed. The Dutch central planning bureau forecasts the fiscal deficit to reach 3.6% of GDP this year and 2.7% next year.
Liberal Party wins elections
September 12, 2012
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Netherlands Economic News
October 20, 2016
Dutch consumer sentiment rose markedly in October.
October 3, 2016
The NEVI Manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit and NEVI, decreased marginally from 53.5 in August to 53.4 in September.
September 29, 2016
The producer confidence indicator, which measures Dutch manufacturers’ sentiment, increased from August’s 1.2 to 3.4 in September, according to the Central Bureau of Statistics (CBS), thus moving further above the 0-point threshold that separates optimistic from pessimistic sentiment. According to the CBS, the improvement reflected that producers had become more positive regarding order books and future output over the next three months but less positive about their stocks of finished products.
September 23, 2016
Dutch economic growth held steady in the second quarter of the year on the back of robust fixed investment, while lackluster performance in the external sector and subdued household and government consumption dragged on the overall result.
September 20, 2016
Dutch consumer sentiment improved notably in September.