Special
While we currently expect a V-shaped recovery for the global economy, there is a clear risk of a more U-shaped or even L-shaped recovery. There could also be effects on global growth beyond the 2021 horizon. We expect annual structural growth (up to 2030) in the US to drop from 1.6% to 1.4%. For the Netherlands, structural growth is set to decline from 1.3% to 1.1%.
Economic Comment
Since it takes a while before hard data is available, we have gathered a number of timely economic indicators that we can use to gauge the economic impacts of the COVID-19 crisis.
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 is expected to push the Dutch economy into a recession. Eight questions and answers on how this will impact the housing market.
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
We lowered our expectations for the Dutch economy again, and expect a contraction of 0.2 percent by 2020. Consumption and production are temporarily reduced, which hits corporate profitability and employment.
Special Dutch version
Over the past week, Eurozone member states have announced drastic virus containment measures and large fiscal support measure are coming on stream. Moreover, the ECB has announced an extensive stimulus package as well.
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 Quarterly Report Dutch version
We expect the coronavirus to pull the Eurozone economy into a recession. For the year 2020 growth is projected to fall to around 0.2%. Yet a worse-case scenario is now definitely thinkable as well. The Italian and German economy will shrink this year.
