Economic Update Dutch version
In the third quarter of 2011, the size of the economy declined. The net contribution from trade was positive, but this engine was not strong enough to drive the entire economy into the positive territory.
Special Dutch version
In 2011, we have seen a sluggish continuation of last year's weak recovery from the Great Recession. There are now, however, indications that the economy is once again heading towards a considerable slowdown in growth.
Economic Update
The new Rutte cabinet took up office on 14 October, and has since announced an agenda of severe cost cutting. Most of the savings will involve government (€ 6.1 bn), social security (€ 4.3 bn) and international cooperation (€ 1.9 bn).
Economic Update Dutch version
‘Gloomy’ is the best way to describe the economic outlook for the Netherlands. The mood among consumers is extremely low, inflation has gone up, consumption hardly increases, unemployment is higher and house prices are lower still.
Economic Quarterly Report
While the economy still appeared to be firing on all cylinders in the first quarter of 2011, by the second quarter the increase in economic activity had stagnated all but completely. The Dutch economy grew by only 0.1% on a quarterly basis, a rate that nevertheless did not come as a surprise
Economic Update Dutch version
In 11Q2 the real economy grew by only 0.1% q-o-q. However, this was not entirely surprising. Growth in 11Q1 was driven by private investment in the construction sector. In 11Q2, investment growth slowed. Consumers were also tight-fisted.
Economic Update Dutch version
The economic slowdown means nothing more than a soft landing for the Dutch economy. In the fourth quarter of 2010 and the first quarter of 2011 real economic growth averaged 2.6% on the year before, well above the long-term trend growth of around 2%.