RaboResearch - Economic Research

Economic Update Dutch version

Country Update the Netherlands

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.

Economic Update

Monthly Update The Netherlands

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

Country Update the Netherlands

‘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 Update Dutch version

Country Update the Netherlands

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

Country Update the Netherlands

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%.

Economic Update Dutch version

Country Update the Netherlands

From the revised growth figures can be concluded that the recession was not as deep as was originally thought. The government is falling behind in meeting its saving target, while the sustainability of government finances is the greatest challenge.

Economic Update Dutch version

Economic Update The Netherlands

At a rate of 0.9% (q-o-q), real economic growth in the first quarter was higher than expected. The increase was due to a surge in private investment growth. Economic growth on an annual basis is expected to average 2% for 2011.

Economic Update Dutch version

Monthly Update The Netherlands

One might think that the Dutch economy has fully recovered from the deep economic recession of 2009. However, despite the strong growth in the industrial sector, growth in the first quarter is unlikely to rise much above zero on a quarterly basis.