Special
Advanced G20 countries have really fired up the cash cannon compared to emerging G20 economies during Covid-19. But without this sizeable government spending by both the advanced and the emerging G20 countries, G20’s total contraction could have been four times more severe.
Economic Update
We expect the economic impact of the partial lockdown to be smaller than the intelligent lockdown last spring, but consumer spending and investments will be hit hard. Because of the partial lockdown, the government announced extra support in the third support package.
Economic Update Dutch version
Extra expenditures due to the corona crisis make governmental finances deteriorate. The recovery of consumption is slow but the third support package and some fiscal measures are likely to stimulate domestic demand.
Economic Comment
The Dutch government announced its third business support package. It will retain most measures from its predecessors, but slowly phase them out.
Economic Update Dutch version
The first economic figures about the Dutch lockdown period show the severeness of the corona crisis. In April household consumption dropped to historic low and industrial production tumbled.
Economic Report Dutch version
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.
Economic Report Dutch version
The outbreak of the Coronavirus and the measures taken to slow its spread are affecting every sector in the Netherlands. Construction, agriculture, hospitality and transport are taking the hardest hit.
Economic Quarterly Report Dutch version
The Dutch economy posted good figures in recent years. But due to the developments around the coronavirus, economic growth in our country is expected to fall from 1.7 percent in 2019 to 0.7 percent in 2020.
Economic Update
The Netherlands was again amongst the quickest growing countries of the Eurozone in the third quarter, mainly due to increased consumption. However, slowing world trade and domestic issues with nitrogen and PFAS will drag down future growth.
Economic Update Dutch version
The Dutch economy is slowing down. Consumption is still on track, but the persisting industrial weakness and the growth slowdown in Dutch imports and exports point toward an economic slowdown.
