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 grow by 2.5 percent this year - the highest growth in a decade, Dutch central bank DNB expects. The economy is doing better in all aspects, but wages are still lagging behind, the bank said in its latest estimate on Monday, NOS reports.
DNB's expectations are rosier than the central planning office CPB's estimates in March. The CPB then predicted economic growth of 2.1 percent. The office is releasing its latest estimates on Wednesday. The Dutch government uses CPB estimates to make its policy.
The Dutch population is increasingly staying away from milk. A massive 21 million fewer liter cartons of milk was sold in 2014, compared to 2013. In the past 15 years, the amount of milk consumed in the Netherlands dropped by more than a third, RTL Nieuws reports.
ING's economic office believe that a United Kingdom departure from the European Union, the so-called Brexit, would have damaging consequences for the Dutch economy.
The volume of exports in February was 6.6 percent higher than a year earlier, Statistics Netherlands (CBS) revealed this week. The observed increase was smaller than that of January.
About twelve percent of electric cars purchased in the Netherlands with generous tax breaks and subsidies are eventually sold off abroad, data provided by VWE to the Financieele Dagblad. The primary purchasers are Norwegians that receive various benefits from the government for driving an electric vehicle.
The Netherlands has experienced a record year in food exports so far, firming up the country's position as the second-largest agricultural exporter in the world. Despite Russia's boycott targeting agricultural exports, the overall success has been remarkable even as farm organization LTO points to an increase in farm bankruptcies.
Second estimates of the economic growth in The Netherlands from the Central Bureau of Statistics (CBS) reveals that the economy is growing faster than thought, with 0.7 percent growth in the second quarter over the first. This growth is 0.2 percent greater than estimated in August. The CBS puts the growth down to exports.
Prime Minister Mark Rutte is positive about the budget plans for next year. In an interview with the Algemeen Dagblad, he emphasizes that his Cabinet will have to "stay the course in uncertain times."
Russia's boycott on The Netherlands will cost the country more than €300 million, according to The Netherlands Central Bureau for Statistics (CBS).
Harbor bosses in Rotterdam's port are worried about the effect that the trade war against Russia will have on Dutch business. The Russian Shtandart oil terminal deal in the Rotterdam harbor is at the brink of collapse, which the harbor managers say is bad news for the city.
Minister of Justice Ivo Opstelten has to investigate what percentage of marijuana cultivation in the Netherlands is being used for export.
The volume of exports of goods increased by 1.7 percent in June. Improvement in exports was slightly better than in May with 1.4 percent. Exports fell by 1.8 percent in April compared with the same period in 2012.
With an economy that is shrinking even more than expected the Netherlands is doing worse than 21 other countries of the European Union. Only the economies of Cyprus, Greece, Spain, Italy and Portugal are shrinking more than the Netherlands. The economies of 17 other countries are growing.
Minister Lodewijk Asscher of Social Affairs is worried about the speed of the increase in unemployment in the Netherlands. Chairman of political party D66 Alexander Pechtold said that the Netherlands is following Greece, Slovenia, Italy and Portugal. “It’s a category we shouldn’t feel comfortable in”.
Russian president Vladimir Poetin will pay the Netherlands a short visit on Monday to open the Netherlands-Russia year together with Queen Beatrix in the museum Hermitage in Amsterdam. Sensitive topics will also be discussed and more than 3,3 thousand people plan to protest against the Russian anti-gay law.