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Macro - Country Economic Forecasts - Netherlands

Publisher Oxford Economics
Published Mar 29, 2022
Length 9 Pages
SKU # OFE17063575

Description

Macro - Country Economic Forecasts - Netherlands

We expect Russia's invasion of Ukraine to mean energy prices will stay higher for longer, pushing up Dutch inflation further and weakening growth. We have raised our inflation forecast to 5.7% for this year (from 5.1% last month) and 1.1% in 2023. The high pass-through of gas prices in the Netherlands will hit households' disposable income and consumption spending, so we have cut our GDP growth forecast to 3.2% this year (from 4.1%) and 1.7% in 2023.

Table of Contents

9 Pages
Netherlands: War in Ukraine to cut growth and lift inflation in 2022–23
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Politics and policy

Pricing

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