We've kept our 2024 GDP growth forecast for the Netherlands unchanged at 0.5%. Data for Q2 came in stronger than we and consensus expected, with GDP growth expanding by 1% q/q. We still think economic momentum will gain traction gradually over the next few quarters despite the near-term volatility and anticipate the economy will grow by 1.3% next year.
Netherlands: Data for Q2 GDP growth surprises to the upside