Netherlands Economic Outlook
December 23, 2021After cooling growth in Q3, prospects appear dimmer still in Q4. Surging Covid-19 cases in November led to fresh restrictions on activity, and the arrival of Omicron led to a further intensification of lockdown measures in December. Along with soaring inflation and plummeting consumer confidence through November, this has likely hit private consumption. Meanwhile, the virus has likely also dented the external sector by worsening supply disruptions and dampening demand abroad. Indeed, the manufacturing PMI was down in November, partly on slower export growth. In politics, a coalition government was finally formed in December, with Mark Rutte continuing as prime minister. The coalition signals a move away from the frugality of past governments, amid significant planned spending increases in areas including emissions reduction, housing and childcare; This should boost growth ahead.
Netherlands Economic GrowthGrowth is set to ease next year on a waning base effect, and the Omicron variant and resultant restrictions will likely drag on momentum in Q1. However, booster vaccinations, antiviral drugs and natural immunity should lead to strong consumption growth later in the year amid healthy savings pots. Further restrictions remain a significant risk to the outlook. FocusEconomics Consensus Forecast panelists see the economy expanding 3.4% in 2022, which is up 0.1 percentage points from last month’s forecast, and 2.0% in 2023.
Netherlands Economy Data
5 years of Netherlands economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Bond Yield||-0.06||5.70 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Netherlands Economic News
January 3, 2022
The NEVI manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, fell to 58.7 in December from 60.7 in November.
December 30, 2021
Business confidence fell to 10.2 in December from November's 12.7.
December 24, 2021
The Dutch economy expanded 2.1% in seasonally-adjusted quarter-on-quarter terms in the third quarter.
December 21, 2021
Consumer confidence fell to minus 25.0 in December from November’s minus 19.0.
December 1, 2021
The NEVI manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, fell to 60.7 in November from 62.5 in October.