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Kingdom of the Netherlands: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of the Netherlands-Netherlands
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 045
Language:
English
Publication Date:
11 Feb 2016
DOI:
https://doi.org/10.5089/9781498316699.002
ISBN:
9781498316699
ISSN:
1934-7685
Pages:
52
Keywords:
ISCR; CR; mortgage interest deductibility; government; IMF staff calculation; output gap; government finance statistics data; money market rate; authorities' expectation; staff's analysis; refugee influx; balance of payments manual; Pension spending; Self-employment; Labor taxes; Housing prices; Global
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This paper presents the overview of the Dutch economy. After a double-dip recession that ended in early 2014, a strengthening but moderate recovery led by exports and investment is underway, although lower production and exports of natural reduced gas reduced growth in the second quarter of 2015, without however interrupting its momentum. Unemployment is falling slowly and inflation is low, but positive. Credit has continued to decline, but demand for credit is gradually rebounding. The Dutch banking system is emerging from its restructuring. The economy now appears set on a gradual path of recovery, and growth is expected to reach 1.9 percent this year and in 2015, supported by an improving domestic demand.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund