Dutch Housing Market Quarterly Dutch version
In 2017 house prices in the Netherlands rose on average 7.6% as sales reached new heights. For 2018 we expect that prices will increase even faster, making owner-occupied homes accessible for fewer people.
Economic Update Dutch version
The Dutch economy has fully recovered from the crisis. In 2018 and 2019 growth will remain high and the Dutch economy will reach the top of the business cycle. Producer confidence is at the highest level ever measured, but inflation remains relatively low.
The Eurozone economy finished 2017 at a high note, with annual growth coming in at 2.5%, the highest figure since 2011. The outlook for 2018 looks good as well, likely prompting us to upwardly revise our forecasts soon.
The risk of a new clash between Catalonia and Madrid in the coming weeks has dropped. Tensions will remain high in the coming years, but Catalonia will stay part of Spain. Notably, the political crisis has had limited impact on Spain’s economy.
The total economic costs of a NAFTA breakdown up till 2025 would range between 0.9% and 1.0% GDP for the US, 1.3% and 2.0% GDP for Canada, and 2.2% and 2.6% GDP for Mexico, depending on the severity of the breakdown.
We find evidence that the current bilateral trade agreement (BTA) between Mexico and the EU raised exports by 4%. An improved BTA between the EU and Mexico could mitigate some of the negative fallout of a potential NAFTA collapse, albeit to a small extent.