Strict climate measures will have much greater consequences on the Dutch economy than politicians realize, according to employers' organization VNO-NCW and MKB Nederland. These measures may even trigger an economic crisis, or what they call a "self-organized recession", the organizations said to De Telegraaf.
A decade after the biggest economic crisis since the 1930s hit the Netherlands, most Dutch have recovered and are satisfied with their lives. But that does not apply to a group of around 400 thousand people who are still struggling, social and cultural planning office SCP said in its report The social state of the Netherlands. The SCP looked at the state of the Netherlands in the period 2008 to 2018, NOS reports.
A large number of EU countries, including the Netherlands, officially recognized opposition leader Juan Guaidó as interim president of Venzuela on Monday. In a letter to parliament, Dutch Minister Stef Blok of Foreign Affairs said that the government decided to recognize Guaidó, because Venezuelan president Nicolas Maduro failed to meet an ultimatum set by the European Union, NU.nl reports.
As the time for the Rutte II cabinet to hand over to a new government approaches, the confidence the Dutch public has in the departing government increases. The VVD and PvdA government hasn't enjoyed as much confidence from the voters since its inauguration in 2012, according to EenVandaag's Budget Day poll. The same goes for Prime Minister Mark Rutte.
Last year the Dutch labor market was recovered from the economic crisis in many aspects, though labor participation was still lower than in 2008 before the outbreak of the crisis, according to figures Statistics Netherlands released on Wednesday. In 2016 the number of unemployed people was still 1.5 times higher than in 2008, the number of people in long-term unemployment was over twice as high.
2016 saw the biggest drop in unemployment in the Netherlands in 10 years, according to figures from Statistics Netherlands. The unemployment rate dropped from 6.6 percent of the workforce in December 2015 to 5.4 percent in December 2016. The last time there was such a big decline in unemployment was in 2006, the statistics office announced on Thursday.
Last month 482 thousand people in the Netherlands were registered as unemployed and seeking work. That is 17 thousand fewer than in November 2016 and amounts to 5.4 percent of the workforce.
The Netherlands had a budget surplus of 0.5 percent of the gross domestic product in the second quarter of this year, Statistics Netherlands reported on Monday based on seasonally adjusted figures for the second quarter of 2016.
For the second year in a row the Dutch government is giving the Budget Day message that the economic crisis is over. But the vast majority of Dutch have seen little or no improvement to their immediate environment, according to a study Ipsos did for NOS.
Last year the Dutch economy grew slightly more than Statistics Netherlands calculated based on preliminary figures last month. According to the statistics office, the economy grew by 2 percent, instead of 1.9 percent, and is now back up to pre-crisis levels. Dutch households also have more disposable income and consumer spending was significantly higher in the last quarter of 2015 than a year earlier.
The number of people stuck in long term poverty increased significantly as a result of the economic crisis. In 2013 a massive 1.25 million people lived in poverty. Almost half of them - 595 thousand people - lived below the poverty line for three or more years. That is almost 4 percent of the Dutch population, according to a report by the Social and Cultural Planning Bureau on long-term poverty in the Netherlands.
Closing internal borders in the European Union will cost the EU 100 billion euros per year. And export dependent countries like the Netherlands will be hit the hardest, according to a report by the European Parliament's research department which will be published on Tuesday
The last Dutch customers who are still owed money by Icelandic bank Icesave, will get their money back in the coming days, interest group for the victims Icesaving announced
The wealth of Dutch households finally reached the end of its downward trend, which started at the outbreak of the economic crisis in 2008. In 2014, the average household wealth remained stable, according to figures released by statistics Netherlands.
The Dutch economy has entered a stable growth path that can continue in the future. After seven years the Netherlands has finally returned to the economic level before the crisis in 2008 and 2009. Though unemployment is still a concern and the gross domestic product per capita is still 2.8 percent lower than in 2008.
Statistics Netherlands (CBS) has released its latest figures showing the number of households with a tax mortgage debt higher than the value of their home to be at 1.4 million, double the figures of 2009. Of the 4.3 million households owning their home, 32 percent are underwater, and this number has only risen according to the CBS website.
The recovering Dutch economy is good news for Rabobank. In the first half of this year the bank booked a profit of 1.5 billion euros, an increase of 41 percent compared to last year.
Minister Lodewijk Asscher of Social Affairs defended his jobs plan to growing doubt on its success during a parliamentary debate in the Tweede Kamer, lower house of parliament. "It is more than just an emergency measure", he said. "The goal is to emerge stronger from the crisis."
Pensioners were hit 6 times harder by the financial crisis than their working counterparts.
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.
Companies are taking less time to pay their bills than any other time in the last decade. It takes an average of 43.4 days for a company to repay a bill, which is the lowest in the last 13 years, according to the data on payment behavior from the rating agency Graydon.
Financial directors are more optimistic about the Dutch economic recovery than a year earlier, according to the survey of Dutch CFOs conducted by Deloitte. Still, nearly a third feel unprepared for an economic crisis, and a third believe a new crisis is on the horizon.
Despite ending 2014 on a positive note, the Retail sector in the Netherlands is improving slower than in other European countries. Last year the sales (volume) in the Netherlands increased to 1.0 percent, the first growth in six years. This is still below the average volume growth in the EU of almost 2 percent.
The horeca (Dutch abbreviation for Hotel/Restaurant/Café) sector showed a higher growth in the last quarter of 2014 as compared to previous years, according to Statistics Netherlands (CBS). Over the course of 2014, the industry grew by 5.6 percent, which is the largest output expansion in hospitality since the pre-crisis period ending with 2007.
Since the beginning of the economic crisis in 2008, about 22 thousand stores in the Netherlands have disappeared, mostly due to bankruptcy. According to calculations by market researcher Q&A, there are about 90 thousand stores left at the end of this year.