RaboResearch - Economic Research

Economic Update

Economic Update The Netherlands

The Dutch economy contracted by 1.1% q-o-q in the third quarter of 2012. The contraction is disappointing, particularly as net trade no longer contributed to growth.

Economic Update

Economic Update The Netherlands

On 29 October coalition partners VVD and PvdA presented their programme for government. Projected savings of 15? bn euro are to be achieved via measures that are to come on top of proposals under the 1st Rutte cabinet and the 2013 budget agreement.

Economic Update Dutch version

Economic Update the Netherlands

The underperforming stock market and declining interest rates are causing the financial position of pension funds to rapidly deteriorate. How can pension funds’ solvency change so suddenly? And what must be done for these funds to remain afloat?

Economic Update

Economic Update The Netherlands

The second forecast of 12Q2 GDP growth by Statistics Netherlands (CBS) did not bring any surprises: quarterly growth was maintained at 0.2%. Net trade was the only factor that positively contributed to economic growth.

Economic Update

Economic Update the Netherlands

In the second quarter, the Dutch economy grew by 0.2% compared to the previous quarter. The Dutch economy continued to depend on international trade, while the domestic demand remained very weak.

Economic Update

Economic Update The Netherlands

The Dutch economy continues to look to international trade for impetus, while domestic demand dynamics weakens. In the second quarter of 2012, all indicators continued to point in this direction.

Economic Update

Economic Update The Netherlands

Over the first quarter, the economy did not contract contrary to what the flash estimate suggested. Instead, the economy grew according to Statistics Netherlands? most recent estimates. The revision indicates GDP volume over 12Q1 increased by 0.3%.

Economic Update

Economic Update The Netherlands

In the first three months of 2012 the Dutch economy contracted for the third consecutive quarter. Thus the Netherlands is still in recession. Consumption remains low, held back by tax increases and cutbacks combined with low consumer confidence.

Economic Update

Economic Update The Netherlands

The decommissioned cabinet reached agreement with parties outside the coalition on a supplementary package of measures, with which the government deficit will be reduced from 4.6% to 3% of GDP in 2013.

Economic Update

Economic Update The Netherlands

The contraction of the Dutch economy has been adjusted upwards by 0.1% point. Corrected for working day and seasonal effects, the real contraction in the fourth quarter was 0.6%. For 2012 as a whole, a negative real growth is expected of -¾%.

Economic Update

Economic Update The Netherlands

In the fourth quarter of 2011, the Dutch economy contracted by 0.7% in real terms compared to the previous quarter. As this was the second successive quarterly contraction, statistically, the Dutch economy is in recession.

Economic Update

Recession virtually certain

It is virtually certain that the Dutch economy slid into recession in the second half of last year - only two years after the last recession in the second quarter of 2009. This sluggish economic performance has many negative consequences.

Economic Update Dutch version

Economic Update the Netherlands

Economic signals suggest that the economy is still at amber. Consumer confidence dropped to a point lower than the trough in 2009, exports declined in October for the first time in two years and unemployment is back at the peak of January 2010.