Netherlands Economic Outlook
October 27, 2020The economy likely emerged from recession in Q3, although conditions remained fragile. Retail trade turnover plunged in August, while consumer and business confidence levels remained entrenched in pessimistic territory, which will have capped both household and capital expenditure. Nevertheless, manufacturing operating conditions improved in the quarter. Turning to Q4, further storm clouds gathered on the horizon in recent weeks, with a surge in new Covid-19 cases leading to renewed containment measures. The new restrictions announced in mid-October have seen cafes, bars and restaurants close their doors for four weeks, while travel has been severely restricted and social gatherings limited once again. These measures will derail recently regained momentum in the final quarter of a bleak year for the economy.
Netherlands Economic GrowthAfter suffering a sharp contraction this year due to the pandemic, the economy is forecast to recover strongly next year as domestic and foreign demand pick up steam. However, the balance of risks remains tilted to the downside owing to lingering uncertainty surrounding the pandemic and its effects. Moreover, the recovery will be flattered by a supportive base effect. FocusEconomics Consensus Forecast panelists see the economy expanding 3.5% in 2021, which is down 0.2 percentage points from last month, and growing 2.5% in 2022.
Netherlands Economy Data
5 years of Netherlands economic forecasts for more than 30 economic indicators.
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|Bond Yield||-0.06||5.70 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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Netherlands Economic News
March 2, 2021
Voters will head to the polls on 17 March to elect a new parliament, after roughly a year of Covid-19 and its associated containment measures dealing a heavy blow to the Dutch economy.
February 25, 2021
Business confidence fell to 0.1 in February from January's 0.6.
February 18, 2021
Consumer confidence came in at minus 19.0 in February, matching January's reading and remaining markedly below the long run average of minus 7.0.
February 16, 2021
The economy contracted 0.1% on a seasonally-adjusted quarter-on-quarter basis in the fourth quarter of 2020.
Netherlands: Manufacturing operating conditions improve at the strongest clip in over two years in January
February 1, 2021
Manufacturing conditions in the Netherlands improved at a sharp pace at the start of the new year, with the NEVI Manufacturing Purchasing Managers’ Index (PMI) rising to 58.8 in January from 58.2 in December.