Kingdom of the Netherlands—Netherlands Staff Report for the 2002 Article IV Consultation PDF Download
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Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451829442 Category : Business & Economics Languages : en Pages : 44
Book Description
This 2002 Article IV Consultation highlights that the real GDP of the Netherlands is projected to rise by 1 percent in 2002, implying a return of growth to about 3 percent at an annual rate in the second half, and to rise by 3 percent in 2003. The pickup reflects an improvement in the worldwide economic climate, as well as last year’s easing of monetary conditions in the euro area. Inflation is accordingly expected to slow gradually from some 5 percent in 2001, to 3.8 percent in 2002 and 2.4 percent in 2003.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451829442 Category : Business & Economics Languages : en Pages : 44
Book Description
This 2002 Article IV Consultation highlights that the real GDP of the Netherlands is projected to rise by 1 percent in 2002, implying a return of growth to about 3 percent at an annual rate in the second half, and to rise by 3 percent in 2003. The pickup reflects an improvement in the worldwide economic climate, as well as last year’s easing of monetary conditions in the euro area. Inflation is accordingly expected to slow gradually from some 5 percent in 2001, to 3.8 percent in 2002 and 2.4 percent in 2003.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451800045 Category : Business & Economics Languages : en Pages : 41
Book Description
This 2002 Article IV Consultation for the Kingdom of the Netherlands—Aruba highlights that after growing at more than 4 percent per year in 1996–2000, the Aruba economy experienced two years of retrenchment, with GDP falling an estimated 1.2 percent in 2001 and 3.8 percent in 2002. This downturn reflected a lull in investment activity, but especially weak tourism following the United States recession and the terrorist attacks of September 11, 2001. In 2003, sharply higher private and public investment and a modest revival in tourism should boost economic growth to more than 4 percent.
Author: International Monetary Fund. European Dept. Publisher: International Monetary Fund ISBN: 1475591497 Category : Business & Economics Languages : en Pages : 53
Book Description
This 2016 Article IV Consultation highlights broad-based economic recovery in the Netherlands, which has been gathering speed. Real growth is forecast to reach 2.1 percent in 2016 owing to strong consumption and investment, reflecting improving confidence and rising housing prices, while net exports are expected to slow as a result of weak external demand. Unemployment has been rapidly declining against the backdrop of an increasing labor supply. The economy is expected to keep its momentum in the coming years. Domestic consumption and investment are forecast to remain the main drivers of growth, prompting a gradual decline in the current account surplus. Inflation is expected to pick up along with the closing of the output gap.
Author: International Monetary Fund. European Dept. Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 76
Book Description
The Dutch economy was more resilient than its peers during and after the pandemic. Reflecting the prevalence of telecommuting and strong fiscal support, the economy experienced a less severe recession followed by a more robust recovery than in the rest of the euro area, with no scarring expected. The labor market is tight with a low unemployment rate and high vacancies, although wage growth has so far been moderate. After hitting a record high in September, consumer price inflation eased to 11 percent in December driven by lower energy prices, while core inflation increased to 8.4 percent y/y. The economy appears to be overheating. The war in Ukraine is posing new challenges albeit the terms of trade shock has been smaller than for the rest of the euro area.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451801025 Category : Business & Economics Languages : en Pages : 40
Book Description
This 2003 Article IV Consultation highlights that after a prolonged recession through the second half of the 1990s, the Netherlands Antilles economy has recently shown some important resilience. With the exchange rate pegged to the U.S. dollar, the Netherlands Antilles has enjoyed low inflation. With waning cost-push pressures related to higher energy costs and indirect tax increases, inflation has moderated to 0.5 percent in 2002. For 2003, inflation is projected to reach 2 percent in line with developments projected for the United States.
Author: International Monetary Fund. European Dept. Publisher: International Monetary Fund ISBN: 148439853X Category : Business & Economics Languages : en Pages : 52
Book Description
This Article IV Consultation highlights that the Dutch economy has grown faster than the euro area average over the past few years reflecting recovering consumption and investment, and strong net exports. Progress with tackling long-standing imbalances in the households and corporate sectors, and thus external imbalances, has lagged. Households remain highly leveraged and their consumption constrained by a stagnating disposable income. In the corporate sector, dominated by large multinational corporations, investment is low but savings are high, and developments are diverging with domestic small and medium enterprises relatively stagnant. Strong fiscal performance in recent years has boosted buffers that can now be used to reduce distortions and strengthen potential growth. The report recommends that it is important to harmonize tax benefits and social security contributions for different types of employment to reduce labor market duality while increasing overall labor market flexibility. Using fiscal space to address household and corporate imbalances is desirable and is unlikely to jeopardize long-term fiscal sustainability.
Author: International Monetary Fund. European Dept. Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 78
Book Description
The economy has cooled, but signs of overheating remain. After two years of strong recovery, growth decelerated in 2023, reflecting the energy shock, tighter financial conditions, and a slowdown in key trading partners, particularly Germany. Still, core inflation remains elevated, reflecting a tight labor market, robust wage growth, and healthy profit margins. Fragmented results in November elections are leading to a prolonged government formation, with possible implications for pro-growth and climate policies.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 145182937X Category : Business & Economics Languages : en Pages : 45
Book Description
Following several years of expansion, the Dutch economy is in its third year of weak growth. Executive Directors commended the authorities on prudent economic policy, and advised for fiscal consolidation in view of population aging. They welcomed the multiyear fiscal framework, and underscored the need to press forward with labor and product market reforms. They appreciated the sound fiscal and structural policies. They agreed that the Dutch financial sector remained sound and well supervised, and commended authorities for taking measures to strengthen the public finances.
Author: International Monetary Fund
Author: International Monetary Fund
Author: International Monetary Fund
Author: International Monetary Fund. European Dept.
Author: International Monetary Fund. European Dept.
Author: International Monetary Fund
Author: International Monetary Fund. European Dept.
Author: International Monetary Fund. European Dept.
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Author: International Monetary Fund