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Macro - Country Economic Forecasts - Netherlands

Publisher Oxford Economics
Published Aug 29, 2025
Length 8 Pages
SKU # OFE20418445

Description

We have lowered our GDP growth forecast for the Netherlands to 1.3% for 2025 and to 0.7% for 2026 due to net exports being weaker than anticipated. Trade uncertainty will make businesses reluctant to invest. Not only will tariffs lower the Netherlands' direct exports to the US by making them more expensive, they will also affect demand for Dutch-produced inputs into other countries' US-bound exports. We expect inflation will average 3.1% in 2025 and 2.0% in 2026, with the tariff-related hit to demand and energy prices helping the disinflationary process.

Table of Contents

8 Pages
Netherlands: Weak trade will limit short-term growth
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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