RaboResearch - Economic Research

Economic Quarterly Report

The Netherlands: No surprises

While the economy still appeared to be firing on all cylinders in the first quarter of 2011, by the second quarter the increase in economic activity had stagnated all but completely. The Dutch economy grew by only 0.1% on a quarterly basis, a rate that nevertheless did not come as a surprise

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.