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 economy in the Amsterdam Metropolitan region is expected to grow by 2.8 percent this year and 2.3 percent in 2020, according to the region's economic exploration. While the expected growth is lower than the 3.4 percent growth the region saw last year, the Amsterdam region is still one of the three fastest growing regions in Europe, together with Prague and Warsaw, NU.nl reports.
Eastern Europe is flourishing, with falling unemployment and rising wages. While this is great news for countries like Romania and Poland, it is a blow to the Dutch business world. Especially for companies that are increasingly dependent on migrant workers, ABN Amro said in a new report on labor migration, RTL Nieuws 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.
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.
The purchasing power increase that the central planning office CPB calculated for this year remains the same, despite a higher energy bill. 96 percent of all Dutch households will see their purchasing power increase, by an average of 1.6 percent this year and 1.3 percent next year. The increase is mainly due to higher wages, CPB said in a new estimate published on Tuesday, NU.nl reports.
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.
In a short New Year's address, Amsterdam mayor Femke Halsema praised the hopeful feeling around the city's future. She said the city wants more people to be able to access Amsterdam's growing prosperity through policy that addresses poverty, disenfranchisement, and crime.
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 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 Amsterdam Metropolitan Region developed strongly after the financial crisis and will continue to do so in the coming years, according to the Economic Outlook Metropolitan Region Amsterdam 2018 that the city of Amsterdam published on Wednesday. The city attributes the region's success to its "diverse and open economy in which both large and small companies can grow".
Last year the Netherlands' national debt decreased by 18 billion euros, from 434 billion euros to 416 billion euros, according to the central government's annual report that was released on Wednesday. That comes down to 56.7 percent of the Netherlands gross domestic product.
With that the Netherlands closed a year with a national debt that complies with European rules for the first time since the outbreak of the financial crisis. According to European rules, a country's national debt must remain below 60 percent of GDP.
Almost all regions in the Netherlands saw economic growth last year. The Groningen region was the only one to see its economy shrink. The regions around Eindhoven and Almere saw the strongest growth, Statistics Netherlands reported on Tuesday.
In both the Eindhoven and Almere regions, the economy grew by 4.9 percent last year compared to 2016. In Zuidoost-Noord-Brabant - Eindhoven and its surroundings - last year's economic growth was mainly supported by industry and business services. In Almere, lease companies in particular contributed to the economic growth.
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 grew by 3.1 percent in 2017, the strongest growth in 10 years, Statistics Netherlands reported on Wednesday.
In the last quarter of 2017, the economy's growth decreased somewhat, but was still strong at 2.9 percent compared to the last quarter of 2016. Compared to the third quarter of 2017, the GDP grew by 0.8 percent.
Investments and exports in particular contributed to economic growth in the fourth quarter. Household consumption decreased somewhat, but the industry grew more.
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 strongly, with growth of over 3 percent expected for this year and next year, according to Dutch central bank DNB's latest forecast, RTL Nieuws reports.
The economic growth will reach a peak of 3.3 percent this year, the strongest growth in 10 years, according to DNB. Next year the bank expects the economy to grow by 3.1 percent, and 2.3 percent growth is expected in 2019. "We are moving from economic recovery to economic expansion", DNB director Job Swank said, according to the broadcaster.
Monday's heavy snowfall, and the problems in traffic and productivity it caused, cost the Dutch economy around 35 million euros, according to calculations by the Economic Research Foundation and Statistics Netherlands chief economist Peter Hein van Mulligen, BNR reports.
If there is a whole business day in which no work is done in a quarter, like when Christmas falls on a week day, it costs the Netherlands' GDP 0.2 to 0.3 percent of growth, Van Mulligen said to the broadcaster. That amounts to 350 million euros the Netherlands' economy loses out on.
The Netherlands is falling behind internationally in breaking the link between CO2 emissions and economic growth, according to advisory office PwC in its Low Carbon Economy Index 2017, ANP reports.
For this index, the researchers looked at how much carbon dioxide a country emits to make a million dollars. In the Netherlands the so-called CO2 intensity increased by 0.1 percent. While the carbon intensity for the G20 countries - the world's 20 biggest economies - decreased by 2.6 percent on average.
Noord-Drenthe is the most prosperous region in the Netherlands, according to the Broad Prosperity Indicator by Rabobank and Utrecht University. Residents of Noord-Drenthe are happy, healthy and feel safe. Gooi also scored very well. People living in the Randstad are much less satisfied, ANP reports.
In the second quarter of this year, Dutch ordered a total of 440 million euros worth of meal deliveries, according to a report by ABN Amro. Pizza is the most popular delivered food, followed by grill dishes, fast food and sushi, AD reports.
On average, Dutch spend 11.40 per person per order. Sushi and other Japanese dishes are most expensive, at 17.96 euros per meal. Ordering a pizza for delivery costs an average of 9.57 euros per person.