Country Economic Forecasts - Netherlands
The Dutch industrial sector had a weak start to Q3, supporting our expectation that GDP growth will slow moderately from the strong 0.7% pace seen in Q2. Manufacturing production for July, the first hard data release for Q3, fell by 0.9% amid continued US-EU trade tensions. For 2018 overall, we still see GDP growth at 2.7%, before slowing to 1.7% in 2019 as external demand softens and capacity constraints begin to bite. Beyond that, we still see growth slowing to some 1.4% a year in 2020-21.
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