Economic Quarterly Report Dutch version
After contracting sharply by 3.9% in 2009, the Dutch economy grew in real terms by 1.7% in 2010.While the recovery has so far been driven primarily by exports, the Netherlands will not be able to count on as much growth from abroad in the years ahead.
Economic Update Dutch version
The 0.6% q-o-q contraction of GDP in 10Q4 was in a word, disappointing. The harsh winter explains part of the slowdown but there are unfortunately other signs pointing to a struggling recovery. Warmer weather may lead to a temporary boost in GDP in 11Q1, but the growth outlook in the coming quarters is not much brighter.
After growing 4.5% in 2009, the economy is back to its pre-crisis growth level of around 6%. Downside risks to growth are a lower than expected global growth, a reversal of foreign capital flows, and/or a bursting asset bubble.