The Dutch economy is slowly improving, despite the reduction in gas extraction from Groningen. In the second quarter of this year the economy was 1.6 percent stronger than in the same period last year.
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.
A massive 3.2 million foreign tourists are expected to visit the Netherlands this summer - 100 thousand more than last year.
The Dutch economy grew by 0.6 percent in the first quarter of this year compared to the last quarter of 2014. This is according to the second calculation of economic growth by Statistics Netherlands.
The European Commission has made 315 billion euros available through the European Fund for Strategic Investment for additional investments in the European economy. For the Netherlands this potentially means billions of euros for, among other things, the laying of fiber optic networks, additional lending to small and medium enterprises and installing energy efficiency measures in homes, the government said on Tuesday.
The dance industry in the Netherlands and the dominance of Dutch DJs on music charts has paved the way for 170 dance music events in the country with 2.7 million annual visitors every year, become an important part of the Dutch economy. The Dutch dance music industry accounts for one in 14 jobs in the creative industries and if the current growth rate continues, the export value of Dutch dance music industry in 2015 will be nearly 200 million euros, ING wrote on Wednesday.
The Netherlands contributed 8.1 percent more CO2 emissions in the first quarter of 2015 than a year before, Statistics Netherlands (CBS) reported on Wednesday. Dutch energy companies produced delivered more energy than a year before due to increased demand from abroad, which lead to much of the emissions increase.
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.
Economists from the Financieele Dagblad warn that preventative measures need to be taken to avoid a possible third recession. After the credit crisis and the debt crisis, there is a fear that The Netherlands could be headed for a triple-dip recession, the Algemeen Dagblad reports.
Dutch consumers are a lot less positive about the future of economic development. According to the Central Bureau for Statistics (CBS), the Consumer Confidence indicator dropped four points to minus six in August. The CBS says that the tense international political situation could be the cause.
According to the Central Bureau for Economic Policy Analysis (CPB), the Dutch economy is recovering again, which will give rise to growth in the labour market next year.
Prime Minister Mark Rutte said today that the Dutch economy is soldiering on, despite the disappointing slump recorded in the first quarter, het Parool reports.
The Dutch economy has experienced a drop of 1.4 percent in the first quarter of 2014. According to the Central Bureau of Statistics (CBS), this was caused by lower gas usage due to the mild Winter. The bureau does say that the economy is still in recovery, despite the drop.
Although the Netherlands is lagging behind other European countries when it comes to economic growth, the European Committee expects the Dutch economy to finally rise above the 3 percent allowed budget deficit in 2015. The budget deficit for 2014 is still 3.2 percent, but is anticipated to be down to 2.9 percent in 2015.
With the new year around the corner the Dutch are a bit more positive about the future of the Dutch economy than previous years, as shown by results of a study by the Social and Cultural Planning Bureau (SCP), Monday.
The round-up of some of this week's most noteworthy events and news stories features Sint Maarten battling mosquitos that spread the Chikungunya virus, the Dutch economy making a sharp fall, King Willem-Alexander's first Christmas speech, the sale of 100 Leopard tanks to Finland, the new record by "Serious Request" after being locked up in the Glass House, and a major storm that misses most of the Netherlands.
The Dutch economy will tumble from the eighteenth to the thirtieth place in the global ranking between now and 2028, predicted the Centre for Economic and Business Research (CEBR) Thursday.
The Dutch economic recovery is expected to continue in 2014 with 0.5 percent growth, according to numbers released by the Netherlands Bureau for Economic Policy Analysis. The governmental office, also called the CPB, said they do not expect the labor market to recover next year.
King Willem-Alexander read the throne speech for the first time this Tuesday in the Hall of Knights in The Hague. In it he spoke, among other things of the chance of recovery in the economy and the disappearance of the welfare state.
Prime Minister Mark Rutte counts on the Tuesday presented package of six billion in additional spending cuts being the last addition to the coalition agreement.
Activity in the Dutch industry increased in August to the highest rate since April 2011, according to figures of the Dutch Association of Purchasing Managers ( NEVI ), who announced this on Monday.
The purchasing managers index reflects the activity, that rose from 50.8 in July to 53.5 last month. A position above 50 indicates growth, below 50 indicates shrinkage.
"Production increased sharply due to the largest increase in new orders since April 2011. Sales to abroad reached the highest level in 28 months," says the NEVI.
The government has almost an agreement with the pension funds on investments in the Dutch economy. Most probably this agreement will lead to the formation of a national mortgage bank, where pension funds can take over mortgages of Dutch banks.
Jeroen Dijsselbloem, Minister of Finance, confirmed that talks are now being finalized "at breakneck speed" Tuesday the parties were together for the last meeting at the Ministry of Economic Affairs.
The Dutch government has retrieved on Monday 3 billion euro with the reopening of short-term loans. The interest was thereby, also for the shortest loan, higher than 0 percent.
Finance Minister Jeroen Dijsselbloem said the Netherlands will not make an effort to maintain its budget deficit within the European Union (EU) limits in 2014.