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.
In the second quarter of this year, the Dutch economy grew by 0.5 percent compared to the first quarter - the same growth as in the previous two quarters. Compared to the second quarter of last year, the Dutch economy grew by 1.8 percent adjusted for the number of working days, Statistics Netherlands reported on Wednesday. The economic growth in the second quarter was higher than expected.
The number of small- and medium-sized enterprises (SMEs) in the Netherlands increased by some 44 percent over the past decade. The increase was almost entirely carried by micro businesses, Statistics Netherlands reported on Thursday.
"A moderation in growth or a limited decline in aviation" will not hurt the Dutch economy, but will benefit the environment, research agency CE Delft concluded in a study commissioned by Natuur en Milieu. The researchers found that there is no scientific basis for five important arguments often used as reasons not to limit growth in the aviation sector, NOS reports.
In the second half of the 18th century the Netherlands had one of the most developed economies in the world, and slavery played an important role in this, according to research by the International Institute of Social History in Amsterdam. In 1770, 5.2 percent of the Netherlands' gross domestic product was based on slavery, the researchers concluded, NOS reports.
The Dutch economy grew by 0.5 percent in the first quarter of 2019, the same growth as in the last quarter of 2018, Statistics Netherlands reported on Tuesday. Compared to the first quarter of 2018, the economy grew by 1.7 percent.
Adjusted for the number of days - the first quarter of 2019 had one day less than the first quarter of 2018 - economic growth amounted to 1.9 percent. In the first quarter of last year, the economic growth stood at 2.2 percent compared to a year earlier.
Economic growth in the Netherlands will slow down this year, and that will affect businesses, according to ABN Amro. The bank's economists expect the Dutch economy to grow by 1.4 percent this year, almost half the growth 2018 saw. And the number of bankruptcies, excluding sole traders, will increase by 10 percent, ABN Amro expects, NU.nl reports.
The Dutch economy, measured by gross domestic product, grew by 2.7 percent last year. That is somewhat less growth than in 2017, when the highest economic growth since the financial crisis was achieved, Statistics Netherlands reported on Monday.
As in previous years, the economic growth in 2018 was largely due to increased employment. Household consumption contributed most to the economic growth last year. Investments in fixed assets also made a larger contribution. In previous years, foreign trade was the driving force behind the economic growth.
Dutch people are increasingly concerned about the society and the way people in the Netherlands treat each other, as well as about the economy, according to the quarterly report on the mood in the Netherlands by social and cultural planning office SCP, the Volkskrant reports.
According to the SCP, 35 percent of Dutch are concerned about the way people are living together in the Netherlands, with some saying they experience a growing intolerance. The same percentage are concerned about immigration and integration, and 31 percent are concerned about the economy.
The confidence of Dutch consumers is negative for the first time in four years. Both consumers' opinion of the economic climate and their willingness to buy declined somewhat, according to figures Statistics Netherlands released on Wednesday.
In February consumer confidence stood at -2, compared to 1 in January. Consumers are less positive about the economy than in January, with the economic sub-indicator falling from 3 to 1. Dutch consumers are also more negative about their financial situation, and therefore less willing to make large purchases, according to the stats office.
The Dutch economy grew by 2.5 percent last year, compared to 2.9 percent growth in 2017, Statistics Netherlands reported based on initial figures. The economic growth was boosted by higher consumer spending and business investment. The trade balance - the difference between imports and exports - contributed less to the growth than the year before.
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.
As the Dutch economy continues to improve, more permanent jobs will be offered in the Netherlands and contract wages at companies will continue to rise, according to Dutch central bank De Nederlandsche Bank (DNB), NU.nl reports.
The number of permanent jobs is already increasing, said Job Swank, director of financial stability at DNB. This year, contract wages are expected to rise by 2.1 percent, after they already rose 1.5 percent in 2018. For 2019 and 2020 the bank expects wage increases of 2.6 and 3 percent respectively.
The number of Dutch people living in poverty decreased from 1.2 million in 2013 to almost 1 million in 2016, according to social and cultural planning office SCP. The SCP attributes the decline to the improvement of the Dutch economy after 2013, NOS reports.
Economic growth in the Netherlands dropped considerably in the third quarter. Compared to the second quarter, the economy grew by only 0.2 percent between start July and end September - the lowest quarterly growth in the past two years, Statistics Netherlands reported on Wednesday.
The Netherlands is no longer one of the five best performing economies in the world, according to the World Economic Forum's rankings. In this year's ranking, the Netherlands came in sixth place, dropping two spots from last year's fourth, AD reports.
The best performing economy of the 140 economies tested is the United States. Singapore came in second place, followed by Germany and Switzerland. Japan completes the top five.
Almost half, 46 percent, of the Dutch population saw their purchasing power decrease last year, Statistics Netherlands reported on Thursday. The purchasing power developments varied considerably in 2017. For a fifth of the population, purchasing power decreased by at least 7 percent. Another fifth saw their purchasing power increase by 10.9 percent.
The disadvantaged position women have on the Dutch labor market costs the Netherlands billions of euros, according to a study done by consultancy firm McKinsey. If the Dutch labor market was as gender-equal as the best performing neighboring countries, the Dutch economy would get a 114 billion euros boost. If the labor market was totally gender-equal, that would generate 221 billion euros, Financieele Dagblad and NOS report.
The Rutte III government needs to take measures to encourage purchasing power development, because employees otherwise benefit from economic growth only to a limited extent, Rabobank concluded in a study into wage developments. "While the Dutch economy grew by 2.9 percent last year, the collective bargaining wages only climbed 1.4 percent - only barely enough to rise above the 1.3 percent inflation", the bank said, NU.nl reports.
The Dutch economy will continue growing this year and next year, though a bit slower than expected, central planning office CPB said on Thursday. The CPB expects 2.8 percent growth in 2018 and 2.6 percent in 2019, instead of 2.9 percent and 2.7 percent as the office expected in June, NU.nl reports.
The Dutch economy continues to grow strongly and economic growth is even accelerating, according to Statistics Netherlands. In the second quarter the Dutch economy grew by 0.7 percent compared to the first quarter of this year. The stats office attributes the accelerating growth to foreign trade and higher investments.
The Netherlands is one of the countries that will be most negatively affected in the event of a so-called 'hard' Brexit - if the United Kingdom leaves the European Union without trade agreements. Only Ireland will be hit harder, the International Monetary Fund calculates, NU.nl reports.
According to the IMF, a hard Brexit can cost the Netherlands 0.7 percent of its national income. Ireland will see a decrease of 4 percent.
The Dutch economy is growing steadily and is expected to continue growing in the next two years, but employees in the Netherlands are not sufficiently benefiting from this growth, the OECD - the global organization that examines the social and economic policy of its member countries - said in its report on the state of the Netherlands economy, NOS reports.
The outlook for the Netherlands economy is still positive, the International Monetary Fund said in its annual report on the Netherlands. The IMF again raised concerns about the growth of wages in the country being smaller than other countries with comparable economies. Annual wage growth in the Netherlands is around 1 percent, too little to compensate for inflation, the IMF said, NOS and ANP report.