CPB

The aging population of the Netherlands will result in the average growth of the Dutch economy falling to 1.1 percent between 2022 and 2025, central planning office CPB said in an estimate on Monday. 

In the period 2022 to 2025, the population aged between 15 and 74 will decrease for the first time, the CPB expects. That will mean fewer and fewer new people entering the labor market, which will put economic growth under pressure. Purchasing power will also stop increasing in that period, according to the CPB.

Dutch employees can look forward to higher-than-expected wage increases next year, according to calculations from employers' association AWVN based on the collective bargaining agreements that have already been reached, Financieele Dagblad reports.

Central planning office CPB expected a wage increase in the market sector of 2.5 percent next year. But based on the multi-year collective bargaining agreements already reached in the market sector, AWVN calculates a wage increase of 3.3 percent for next year. 

Economic growth in the Netherlands will decline to 1.4 percent growth next year, according to the August Estimation by central planning office CPB. The declining growth is due to "bad wind from abroad", the CPB said, NU.nl reports.

Prime Minister Mark Rutte delayed the publication of the planning offices' climate agreement calculations until after Budget Day, because he thought a debate about the climate would be "undesirable" at this point, Nieuwsuur reports based on documents it received by appealing to the Government Information Act. Opposition parties in parliament are outraged and want a quick explanation from Rutte about the pressure he exerted on the planning offices to delay this publication, NOS reports.

The agreements made in the climate agreement will likely not achieve the Netherlands' goal of reducing its CO2 emissions by 48.7 megatons in 2030 compared to 1990. The Industry in particular is not providing enough CO2 reductions, were the main conclusions of the Netherlands' environmental assessment agency PBL and the Netherlands' central planning office CPB's calculations of the agreement, NU.nl reports.

The Dutch economy will continue to grow, but not as strongly as in the past years, according to new estimates by the Netherlands bureau for economic policy analysis CPB. Despite this, the Dutch economy continues to grow faster than the average in the euro zone, ANP reports.

The three large Dutch banks - ING, ABN Amro and Rabobank - are largely dependent on only one company for cyber security against DDoS attacks. The cyber security firm in question is the American company Akamai, which counts 18 of the world's 30 largest banks as its customers, Financieele Dagblad reports.

By now everyone is aware of the risks involved in investing in cryptocurrencies with their wildly fluctuating prices. But the real risks may only appear should cryptocurrencies' prices start stabilizing, according to the Netherlands office for economic policy analysis CPB. In the worst case scenario, this could lead to another global financial crisis, the CPB wrote in its annual report on the risks for the financial markets, RTL Z reports.

The Dutch economy will continue to grow strongly this year and next year, according to expectations announced by the Netherlands office for economic policy analysis CPB on Tuesday. Next year unemployment will drop to its lowest level since 2001, NU.nl reports.

The Dutch economy will grow by 3.1 percent next year, according to the Netherlands central planning office for economic policy CPB. "Such growth percentages have not occurred since 2007", CPB said, NU.nl reports. "Because of the persistently high growth, there will be a boom in the coming year."

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.