RaboResearch - Economic Research

Economic Update Dutch version

Netherlands: smaller GDP contraction

According to Statistics Netherlands’ second estimate, the size of the Dutch economy shrunk by 0.6% q-o-q over the first quarter of 2014 (compared with 1.4% in the first estimate). The first quarter’s contraction is mostly the result of temporary factors.

Economic Update

Italy: a setback, but no game changer

In 14Q1, GDP volume fell again after only one quarter of growth in more than two years. Private consumption, however, did increase for the first time since 2010. Underlying data suggest the economy will muddle through during the rest of the year.