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December 24, 2020

World Trade Monitor October 2020

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In October 2020, world trade grew again by 0.7% compared to September 2020. Due to continued growth in world trade since June, trade growth is still about 0.7% below the level at the end of 2019. The growth in October is, however, a lot lower than in September, when world trade increased by 2.7%.

Image for World Trade Monitor October 2020
November 26, 2020

Projections November 2020, figures

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Under the baseline projections, which assume the coronavirus will be under control in both the Netherlands and other European countries in the first half of next year, the Dutch economy will grow in 2021 by nearly 3%, following a contraction of over 4% in 2020. Unemployment will increase to more than 6% in 2021, affecting particularly young people, employees on a flexible employment contract and self-employed independents. The currently projected economic growth rates are slightly higher for 2020 and slightly lower for 2021 than those in the projections published on 15 September (Prinsjesdag), due to the unexpectedly stronger recovery in the third quarter of 2020 and the second corona wave, respectively.

November 26, 2020

Actualisatie MLT-raming november 2020, cijfers

Figure (in Dutch only)

De economie herstelt geleidelijk van de corona-recessie.

November 25, 2020

CPB World Trade Monitor September 2020

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World trade recovery slowed down in September.

Image for CPB World Trade Monitor September 2020
October 23, 2020

CPB World Trade Monitor August 2020

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Rebound in world trade continues. In August 2020 world trade grew again, by 2.5%, compared to July 2020.

Image for CPB World Trade Monitor August 2020
September 25, 2020

CPB World Trade Monitor July 2020

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The rebound in world trade continues, the volume of world trade increased 4.8% in July.

September 15, 2020

Projections September 2020 (MEV 2021), figures

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In the baseline projections, which assume no large-scale new physical contact restrictions will be needed, the economy shrinks by 5% in 2020, followed by over 3% growth in 2021. Unemployment will rise to 6% in 2021. This is concluded in the recently published Macro Economic Outlook (MEV) of CPB Netherlands Bureau for Economic Policy Analysis. Economic growth is projected to be slightly higher than in the preliminary projections published in August, and unemployment will be half a percentage point lower in 2021. This is due to decisions by the Dutch Cabinet, which include an extension of the support and recovery policy. As a result, the budget deficit will be higher than previously estimated: 0.5% of GDP higher in 2020 and 1% in 2021. Public finances, however, will not be in jeopardy.

Image for Projections September 2020 (MEV 2021), figures
September 15, 2020

Actualisatie MLT-raming september 2020, cijfers

Figure (in Dutch only)

De corona-uitbraak leidt tot een lager bbp-niveau in 2025 dan in de verkenning van maart. Het bbp-volume in 2025 is in de basisverkenning 4% neerwaarts herzien ten opzichte van die in maart; in het dieperdalscenario is dat zelfs 9%. Dit komt zowel door de neerwaartse herziening van het trendmatig arbeidsaanbod als door de neerwaartse herziening van de trendmatige arbeidsproductiviteit. De neerwaartse herziening van het arbeidsaanbod komt door de herziening van de bevolkingsprognose. De corona-uitbraak heeft een negatief effect op de immigratie. De neerwaartse herziening van de trendmatige arbeidsproductiviteitsgroei vloeit voort uit een zwakkere groei van de kapitaalgoederenvoorraad en uit een lagere stijging van de multifactorproductiviteit als gevolg van de corona-uitbraak.

August 25, 2020

CPB World Trade Monitor June 2020

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World trade rebounds in June with a strong catch-up growth of 7.6% compared to May.

Image for CPB World Trade Monitor June 2020
July 24, 2020

CPB World Trade Monitor May 2020

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A further decline in world trade in May, but also signs of recovery in the eurozone.

Image for CPB World Trade Monitor May 2020