Netherlands Economic Forecast

Netherlands Economic Outlook

November 20, 2018

Economic growth moderated significantly in the third quarter, expanding at the softest rate since the second quarter of 2016 to match the Eurozone’s anemic average. Weaker expansions in both domestic and external demand led the deceleration, although private consumption and goods exports buttressed the economy in the quarter. Household expenditure picked up pace and offset flat growth in government consumption and a contraction in fixed investment. Similarly, resilient growth in goods exports cancelled out a marked contraction in services exports and contributed positively to economic growth despite accelerating import growth and lingering global trade tensions. Looking at the final quarter, consumer confidence edged down in October but remained elevated. This, coupled with low unemployment levels, bodes well for the continuation of healthy household expenditure growth. In addition, business confidence was largely unchanged in the same month and operating conditions in the manufacturing sector improved at a robust pace, although remained at a near two-year low.

Netherlands Economic Growth

Economic growth is expected to moderate next year as domestic demand eases. Exports, fixed investment and private consumption benefiting from a tight labor market should nonetheless underpin healthy growth. Uncertainty regarding the future trade relationship with the United Kingdom remains a downside risk as is a possible increase in tensions between the EU and the United States. Met the why particular Consensus Forecasts panelists predict 2.1% growth for 2019, which is unchanged from last month’s forecast, and 1.7% for 2020.

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Netherlands Facts

ValueChangeDate
Bond Yield0.115.70 %Dec 11
Exchange Rate1.130.65 %Dec 11
Stock Market501-0.57 %Dec 11

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