The average Dutch household now spends a larger share of their income on basic needs like housing, healthcare and energy than in 2008. They therefore have less money left over for services and items. As a result, households now consume less than before the crisis, while at the same time spending more money, ING's economic office said on Thursday, NU.nl reports.
On Tuesday King Willem-Alexander opened the Netherlands' parliamentary year with his traditional Budget Day speech. He talked about the devastation Hurricane Irma left of the Caribbean islands that form part of the Dutch Kingdom, terrorism around the world, the prosecution of those responsible for the MH17 disaster, and making sure that everyone in the Netherlands benefits from the improving economy, among other things.
In the second quarter of this year the Dutch economy grew by 0.6 percent compared to the previous quarter, continuing its steady growth for nine quarters in a row, Statistics Netherlands announced on Friday in its first calculations.
The Dutch economy grew 0.5 percent in the first quarter of this year, compared to the last quarter of 2015, according to figures Statistics Netherlands released on Friday. The growth rate is the same as the initial figures published in May.
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
Consumers spent 1.9 percent more on goods and services in March than a year earlier, according to figures from Statistics Netherlands (CBS). In general, they spent more on gas, household appliances and home furnishings.
The Dutch economy is expected to grow by 2 percent this year, ABN Amro writes in its annual Vision on Sectors. This growth will put a number of sectors at their highest level in years.
The Dutch economy is continuing signs of recovery, posting growth of 0.5 percent in the last quarter of 2014, according to official bureau Statistics Netherlands (CBS). This is now the third consecutive quarter where growth has been measured, the CBS reported on Friday.
People with high incomes should invest less in their pensions, so billions of euros would be freed for consumption, the Dutch Central Bank (DNB) says.
The Dutch economy will be slightly better than expected in 2015. The gross domestic product (GDP) is expected to grow by 1.5 percent. That is a slightly higher growth than the 1.25 percent that was expected in previous calculations.
Labour and consumption are heavily taxed, while wealth is taxed lower than in other Western European countries, according to figures from the Organization for Economic Co-operation and Development (OECD).
The police found a dead monkey in the vegetable tray of a fridge in a house in Dordrecht, a city in the province of South-Holland. The monkey was beheaded and meant for consumption.