Economic Update Dutch version
We expect growth to remain healthy for the rest of this year before declining slightly next year. Merkel will likely be re-elected for another four-year term after elections in September. She is benefitting from the strong German economy.
Angela Merkel is set to win a fourth term as chancellor, thanks to the strong German economy. Her choice of coalition partner will have ramifications beyond Germany. We see a renewed Grand Coalition as the most likely. They may make progress on Eurozone integration.
China’s economic lifeline is key for North Korea’s economy. Recent sanctions are expected to put more pressure on the regime in Pyongyang, but China also has its strategic interests related to North Korea.
Economic Comment Dutch version
The Dutch economy grew by 1.5 percent in Q2 and outpaced the solid growth in other Eurozone economies. Labour market figures in Q2 were also strong. Domestic and foreign demand can continue to drive a cyclical recovery.