While the government prepares a new round of financial support measures, the near-term prospects for the Dutch economy are looking increasingly grim.
The Dutch economy continues to grow steadily and its growth is expected to reach 3.3 percent this year, according to planning office CPB's estimate in its Macro Economic Exploration, which was published on Wednesday. If this estimate holds true, this will be the first time the Dutch economy grows by more than 3 percent since the outbreak of the economic crisis in 2007. In 2018 the gross domestic product is expected to grow by 2.5 percent, NU.nl reports.
The Dutch economy will grow by 2.4 percent this year and 2 percent next year, central planning office CPB expects in its latest estimation. In the previous estimation in March, the CPB expected 2.1 percent and 1.8 percent growth for 2017 and 2018 respectively, ANP reports.
Unemployment is expected to continue its decline, to 4.9 percent this year and 4.7 percent next year. The government finances also look healthy, with a surplus of 0.5 percent expected for this year and 0,7 percent for next year.
The European economy is continuing its steady growth, and for the first time in a long time all EU countries saw economic growth. The European Commission expects that the EU economy will grow by 1.7 percent this year and 1.8 percent in 2018. The Netherlands is outperforming the EU average with expected economic growth of 2.1 percent this year and 1.8 percent in 2018, the Volkskrant reports.
In the coming years the Dutch economy will continue to grow and the government will again have billions of euros in budget surplus, but the growth in purchasing power will slow, according to the Dutch central planning office CPB's latest estimate, NOS reports.
Thanks to higher than expected revenue and lower than expected spending, the Dutch government is left with a 200 million euros surplus on the 2016 budget, Minister Jeroen Dijsselbloem of Finance said in a letter to parliament on Thursday, ANP reports.
The surplus can almost entirely be attributed to the total tax and premium revenue of last year, which came out 3.1 billion euros higher than projected. Expenses were 0.2 billion euros lower. In the Autumn calculations the government still expected a budget deficit of 3.1 billion euros.
Voters will have quite a selection to choose from in the parliamentary elections next month when it comes to picking a political party based on the financial and economic choices, according to calculations by Dutch central planning office CPB. A major difference between this and last election is that the parties are focused on spending money now that the economy is recovering, instead of the 2012 election's focus on cutbacks in the aftermath of the financial crisis, NU.nl reports.
27 percent of freelancers and self-employed in the Netherlands do not have sufficent financial resources or insurance to provide an income for themselves should they be unable to work due to disability, according to a report published by the Central Planning Bureau (CPB) on Monday, ANP reports.
Just over half of self-employed and freelancers have sufficient possibilities to get a replacement income on the level of a disability benefit. One in 20 have no posibilities of providing a mininum income and will likely have to depend on welfare should they be unable to work.
The costs to get rid of the own risk healthcare deductibles will cost 4.5 billion euros, according to calculations by the Central Planning Bureau. Previous calculations said 3.7 billion euros
The Dutch government often responds too slowly to technological developments like self-driving cars, robotics and fast growing internet companies like Uber and Airbnb, according to the Central Planning Bureau in a report. If nothing change, the Netherlands will lose its leading position in the IT field, the CPB warns
A combination of the Brexit and a further reduction in gas production has lowered the Central Planning Bureau's expectations for the Netherlands' economic growth. The CPB expects that the Dutch economy will grow 1.7 percent this year and 1.6 percent next year. In June the CPB expected 1.8 percent and 2.1 percent growth respectively
Adding dental care for adults to the basic health insurance package will cost the government 1.2 billion euros, according to calculations for the year 2018 by the Central Planning Bureau. The Ministry of Public Health is considering adding adult dental care to the basic package in an effort to lower contributions to supplementary insurance
Children perform better in classes with other students on their same learning level, rather than just by age, according to a study the Central Planning Bureau published on Monday
If the Brits decide to leave the European Union, it will cost the Netherlands up to 10 billion euros in the period to 2030, according to the Central Planning Bureau. The Netherlands is one of the U.K.'s major trading partners and will therefore be hit harder by a so-called Brexit than other EU countries
The Central Planning Bureau expects that the Dutch economy will grow by 1.8 percent this year, according to an estimate released on Friday. This growth is the same as what the CPB predicted in March
The European Central Bank's "abnormal measures" policy of keeping interest rates low and buying up debt is no longer having effect because these measures are now considered normal, the Central Planning Bureau concludes in its annual report on important economic developments and financial risks for the Dutch economy
The Dutch economy will grow an average of 1.8 percent per year in the period 2018 to 2021, according to the medium-term expectations of the Central Planning Bureau. Despite the economic growth, the CPB warns that Dutch households' purchasing power will not increase
The tighter border controls in Europe as a result of the refugee crisis, is bad for the economy. By 2020 this will cost the Netherlands 9 billion euros, equal to a 1.3 percent fall of gross domestic product, according to calculations by the Central Planning Bureau
Educating foreign doctoral students does not cost the Government money, but is instead a boost to the economy. Tax income from foreign PhD students who stay in the Netherlands after graduating, easily compensate for the costs of training them, according to the Central Planning Bureau in a report published on Friday.
The number of job opportunities for young people will fall if the minimum youth wage is increased, according to the Central Planning Bureau. If the minimum youth wage is increased by 1 percent, there will be 0.4 percent less jobs available to young people. The more the wage increases, the greater effect it will have on employment opportunities
One in eight kids in the Netherlands are growing up in families wit low incomes, but this is slowly improving. The number of low-income households in the Netherlands is no longer increasing and may even start falling in the near future, according to Statistics Netherlands and the Central Planning Bureau on Wednesday.
The Dutch economy is growing faster than expected and is continuing to recover despite the lower gas production. The Dutch economy is expected to grow 2.0 percent this year and 2.4 percent next year. Unemployment is expected to decrease to 6.7 percent next year and the government deficit to 1.5 percent of the gross domestic product.
There is an increasing gap between highly educated people and people with a lower education in the Netherlands. This gap will continue to grow larger if something doesn't change in the development in the labor market. This will result in a higher unemployment rate and poverty among low-educated people.
The OECD improved its forecast for the growth of the Dutch economy. The Netherlands is now expected to grow by two percent in 2015, and 2.2 percent the following year. Previously, the organization estimated the growth of 1.4 and 1.6 percent respectively.