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December 18, 2019

Forecast December 2019, figures

Figure

Economic growth is slowing down in the Netherlands due to the decline in global growth and, to a lesser extent, the issues around nitrogen and PFASs. Unemployment reached its lowest point in 2019, but will also remain exceptionally low in 2020. Labour market shortages are leading to an increase in contract wages. Inflation will slow down next year, as the impact of last year's increase in indirect taxes fades away. The budget surplus is projected to decline as a result of expansionary policies and weaker growth, but the reduction is attenuated by significant underinvestment.

November 18, 2019

MLT-raming november 2019, cijfers

Figure (in Dutch only)

De bbp-groei valt terug naar 1,1% per jaar in 2022-2025 door de geringere groei van het arbeidsaanbod. De vergrijzing leidt er toe dat de bevolking in de leeftijdscategorie 15-74 jaar voor het eerst afneemt. De stijging van de arbeidsproductiviteit is hoger dan in de voorgaande periode maar blijft onder het langjarig gemiddelde.

June 19, 2019

Forecast June 2019, figures

Figure

The Dutch economic growth rate is slowing down due to the ill wind blowing from abroad. Export growth is declining. The waning growth in production has had remarkably little impact on the labour market, which remains tight with a, currently, continuing increase in vacancies and rapid employment growth. Unemployment will remain exceptionally low, according to the projections, but will increase slightly in 2020. Purchasing power will see a positive development because of policy and, in 2020, moderate inflation. The government budget will continue to be in surplus. US trade policy, the chances of a no-deal Brexit, and the instable situation in Italy are important downward risks to the Dutch economy. These are the conclusions by CPB Netherlands Bureau for Economic Policy Analysis in its latest June Projections. CPB director, Laura van Geest: ‘Despite a rather standard economic growth rate, employment growth will remain remarkably large. Wage increases will be limited, due to the tight labour market—something that, incidentally, is not a uniquely Dutch phenomenon.’

March 21, 2019

Forecast 21 March 2019 (CEP 2019), figures

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The high growth rate of the Dutch economy is over. For both this year and the next, GDP growth is projected at 1.5%, following years of growth percentages of over 2%. International trade is increasing at a slower rate, which is reflected by Dutch exports that are projected to grow substantially less rapidly in 2019 and 2020, compared to previous years. International uncertainties, such as US trade policy, Brexit and the state of the Chinese economy, have a negative impact on the economy. The budget also is projected to contribute by less than initially planned. Despite the lower growth levels, unemployment will stay low, purchasing power will increase and government finance remains under control.

March 5, 2019

Forecast 5 March 2019 (cCEP 2019), figures

Figure

The high growth rate of the Dutch economy is over. For both this year and the next, GDP growth is projected at 1.5%, following years of growth percentages of over 2%. International trade is increasing at a slower rate, which is reflected by Dutch exports that are projected to grow substantially less rapidly in 2019 and 2020, compared to previous years. International uncertainties, such as US trade policy, Brexit and the state of the Chinese economy, have a negative impact on the economy. The budget also is projected to contribute by less than initially planned. Despite the lower growth levels, unemployment will stay low, purchasing power will increase and government finance remains under control.