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Macro - Country Economic Forecasts - Netherlands

Publisher Oxford Economics
Published Apr 23, 2025
Length 8 Pages
SKU # OFE20029142

Description

We forecast the Dutch economy will grow by 1.2% this year and 0.6% next. Trade uncertainty will make businesses reluctant to invest. Not only will tariffs lower the Netherlands' direct exports to the US by making them dearer, but they will also hit demand for Dutch-produced inputs into other countries' US-bound exports. We expect inflation to average 2.7% in 2025 and 2.2% in 2026, with the tariff hit to demand and energy prices helping the disinflationary process.

Table of Contents

8 Pages
Netherlands: Tariffs and uncertainty will hurt more than just exports
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
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Politics and policy

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