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.
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20 Publications
Economic Quarterly Report Dutch version
New corona wave and high inflation dampen economic growth in 2022
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
Gasflation
US and European natural gas prices have jumped to multi-year highs; to the extent that comparisons with the 1970’s oil crises are perhaps not as far-fetched as some would think.
Economic Quarterly Report Dutch version
Dutch economy getting back to ‘new’ normal
We expect the Dutch economy to grow by 4.2 percent this year. The recovery is stronger than in other European countries. It is sensible to phase out the generic support measures and will not lead to a large increase in unemployment.
Economic Update
The Netherlands: Lockdown causes sharp decline in private consumption
The Dutch economy suffered an exceptional contraction of 3.8% in 2020, which amounts to the largest decline since WW2. The stringent lockdown caused household consumption to fall sharply and hurts the retail sector. Increased investments and industrial production, however, soften the blow.
Economic Quarterly Report Dutch version
The Dutch economy will feel the effects of the corona crisis for years to come
The Dutch economy is expected to contract by 5.2% in 2020. Measures to combat corona, uncertainty and rising unemployment are making the recovery patchy.
Economic Report Dutch version
Dutch economy to contract this year more than in 2009 – Q&A
Assuming that the corona restricting measures will be continued at least until June 1, we expect the Dutch economy to contract by 5 percent this year. The economic recovery may start in the second half of the year, but it will take time.
Special
Global Economic Contraction: Re-assessing the impact of COVID-19
We have revised our economic forecasts and expect the global economy to contract by 2.6% in 2020. How quickly the economy recovers after the coronavirus crisis depends on how fast people get back to work and whether productivity growth is permanently damaged.
Special
Backcasting the US economy with Dynamic Factor Models
Using Dynamic Factor Models (DFM) we try to backcast US macroeconomic variables. The composition and interpretation of the factors differ pre- and post-2008-crisis. In terms of backcasting accuracy the DFM outperforms the Autoregressive model pre-crisis, but not post-crisis.
Economic Quarterly Report Dutch version
Weaker international demand slowing Dutch economy
The global economic slowdown is starting to become tangible in the Netherlands: we expect economic growth to fall to 1.4% in 2020. A disruptive hard Brexit could cost the economy the majority of that growth.