Economic Update
High inflation keeps a grip on Dutch economy
High inflation keeps a grip on the Dutch economy. Economic growth is leveling off, but we do not expect a recession. The war in Ukraine is the largest source of uncertainty.
Economic Update
High inflation keeps a grip on the Dutch economy. Economic growth is leveling off, but we do not expect a recession. The war in Ukraine is the largest source of uncertainty.
Economic Update
We were moderately positive about 2022, despite growing concerns about the high inflation prints. But that was all before Russia’s invasion of Ukraine.
Special
The current energy crisis has highlighted the geopolitical risks associated with our dependence on Russian gas. The EU aims to become fully independent from Russian energy, but replacing Russian gas fully is easier said than done.
Dutch Housing Market Quarterly Dutch version
Property prices are expected to continue rising sharply this year, despite the war in Ukraine. The property price records point to overheating, but not necessarily to a housing market bubble. Although the risk of bubble formation is increasing.
Economic Quarterly Report
The war in Ukraine is expected to lead to strongly rising prices and impediments to foreign trade, resulting in lower economic growth in the Netherlands this year.
Special
The economic impacts of a CO2 tax on combustion vary strongly across sectors, countries and scenarios. Yet, for overall Dutch GDP, it may not matter much whether the tax is introduced only in the Netherlands or also in the EU, EFTA and UK.
Economic Update
The new lockdown measures in the Netherlands will mostly hit consumer spending. But consumer confidence was already in decline before these measures were announced.
Economic Comment
The new Dutch coalition government’s Climate and Transition fund boosts the credibility of its hydrogen plans. The Dutch now rank first in the Champions League for clean hydrogen.
Dutch Housing Market Quarterly Dutch version
House prices are expected to rise by 14.9 percent this year and 12.4 percent in 2022. The number of homes sold will fall sharply in 2022, to 188,000. For the full year 2021, we expect to see around 222,000 transactions.
Economic Quarterly Report Dutch version
We expect the Dutch economy to grow by 2.9 percent in 2022, lower than previously projected. This is due to stricter corona measures and higher than expected inflation.
Special
Post-COP26, the 1.5°C target is still out of reach, but the gap narrows as Glasgow brought some progress. Paris Agreement Rulebook was finalized and new emission reduction pledges were announced. Yet, credibility concerns cast some shadow over these announcements and climate finance remains unsettled.
Economic Update
Looking ahead, we expect growth figures will move toward more ‘normal’ readings. The economy is facing headwinds, mainly from supply-side constraints, such as labor shortages, supply chain disruptions, and low availability of (raw) inputs.