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Macro - Country Economic Forecasts - Netherlands

Publisher Oxford Economics
Published May 26, 2022
Length 9 Pages
SKU # OFE17209437

Description

Macro - Country Economic Forecasts - Netherlands

The Dutch economy started 2022 a bit weaker than we expected, with GDP stagnating in Q1. As a result of this and the renewed supply-chain disruptions from the lockdowns in China, we have lowered our GDP growth forecast by 0.1ppt this year to 3.1%, but for 2023 we have raised it to 1.7% (from 1.6% last month). Inflation has continued to rise in line with our expectation, so we keep our forecast for this year unchanged at 8.5%. And we still expect inflation to drop sharply to 1.2% in 2023 as energy prices fall back and supply pressures ease.

Table of Contents

9 Pages
Netherlands: Inflation, war, and lockdowns in China subdue expectations
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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