Download or read book Kingdom of the Netherlands Staff Report for the Article IV Consultation written by and published by . This book was released on 2008 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of the Netherlands the Netherlands 2021 Article IV Consultation Press Release Staff Report and Statement by the Executive Director for the Kingdom of the Netherlands the Netherlands written by International Monetary and published by International Monetary Fund. This book was released on 2021-11-15 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dutch economy was more resilient than the average Euro area economy in 2020 owing in part to a high rate of digitalization of activities that allowed a large share of the work force to work remotely, while the strong policy response mitigated the impact of containment measures. A strong recovery is underway, with pre-pandemic GDP level to be exceeded in 2021:Q4, and the labor market has tightened considerably. The economy is forecast to grow by 4.0 percent in 2021 and 3.3 percent in 2022, on the back of strong consumption and investment, supported by increasing coverage of vaccines. Near-term risks to the outlook are roughly balanced, driven by the uncertain trajectory of the pandemic on the downside, while a fuller than expected drawdown of savings accumulated in the pandemic would further support domestic demand and growth. Further out, real estate market developments present additional risks.
Download or read book Kingdom of the Netherlands the Netherlands written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2023-03-09 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dutch economy was more resilient than its peers during and after the pandemic. Reflecting the prevalence of telecommuting and strong fiscal support, the economy experienced a less severe recession followed by a more robust recovery than in the rest of the euro area, with no scarring expected. The labor market is tight with a low unemployment rate and high vacancies, although wage growth has so far been moderate. After hitting a record high in September, consumer price inflation eased to 11 percent in December driven by lower energy prices, while core inflation increased to 8.4 percent y/y. The economy appears to be overheating. The war in Ukraine is posing new challenges albeit the terms of trade shock has been smaller than for the rest of the euro area.
Download or read book The Kingdom of the Netherlands Netherlands written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2019-02-12 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Article IV Consultation highlights that the Dutch economy has grown faster than the euro area average over the past few years reflecting recovering consumption and investment, and strong net exports. Progress with tackling long-standing imbalances in the households and corporate sectors, and thus external imbalances, has lagged. Households remain highly leveraged and their consumption constrained by a stagnating disposable income. In the corporate sector, dominated by large multinational corporations, investment is low but savings are high, and developments are diverging with domestic small and medium enterprises relatively stagnant. Strong fiscal performance in recent years has boosted buffers that can now be used to reduce distortions and strengthen potential growth. The report recommends that it is important to harmonize tax benefits and social security contributions for different types of employment to reduce labor market duality while increasing overall labor market flexibility. Using fiscal space to address household and corporate imbalances is desirable and is unlikely to jeopardize long-term fiscal sustainability.
Download or read book Kingdom of the Netherlands Netherlands written by and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of the Netherlands Netherlands written by Juha Kähkönen and published by . This book was released on 2008 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of the Netherlands written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-02-11 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents the overview of the Dutch economy. After a double-dip recession that ended in early 2014, a strengthening but moderate recovery led by exports and investment is underway, although lower production and exports of natural reduced gas reduced growth in the second quarter of 2015, without however interrupting its momentum. Unemployment is falling slowly and inflation is low, but positive. Credit has continued to decline, but demand for credit is gradually rebounding. The Dutch banking system is emerging from its restructuring. The economy now appears set on a gradual path of recovery, and growth is expected to reach 1.9 percent this year and in 2015, supported by an improving domestic demand.
Download or read book Kingdom of the Netherlands Netherlands written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-09-22 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for the 2004 Article IV Consultation on the Kingdom of the Netherlands—Netherlands highlights the economic developments and policies. The economy is beginning to emerge from an extended downturn. Meanwhile, against a background of soft labor market conditions and economic slack generally, inflation pressures are low. The authorities acknowledged the economic reasoning behind these recommendations, but considered implementation politically difficult in light of a cultural preference for an egalitarian wage distribution.
Download or read book Kingdom of the Netherlands written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-06-22 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2007 Article IV Consultation with the Kingdom of the Netherlands explains fiscal policy and financial sector issues. Improvements in the macroeconomic and business environments and technological innovation have contributed positively to Dutch competitiveness. Executive Directors emphasized that continued improvement in the underlying fiscal position requires tight spending control. They recommended that the authorities implement offsetting expenditure-reducing measures. They also commended the risk-oriented, cross-sectoral approach to financial sector supervision, pointing out that, in many respects, the design and implementation of supervision in the Netherlands are international best practice.
Download or read book Kingdom of the Netherlands Netherlands written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2018-05-28 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Four years after exiting a double dip recession, the economic recovery has taken hold, driven by robust domestic demand against the backdrop of increasing house prices. Net exports have also proven resilient to global uncertainties so far, pushing up the already large current account surplus. The pickup in economic activity has resulted in a marked decrease in the unemployment rate. In this context, the coalition agreement, adopted in late 2017 by the new government following general elections earlier on that year, lays out a broad-based fiscal expansion and an ambitious structural reform agenda aimed at strengthening the macroprudential toolkit, reducing duality on the labor market, and overhauling the second pillar of the pension system over the next four years.
Download or read book Kingdom of the Netherlands The Netherlands written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2024-04-08 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economy has cooled, but signs of overheating remain. After two years of strong recovery, growth decelerated in 2023, reflecting the energy shock, tighter financial conditions, and a slowdown in key trading partners, particularly Germany. Still, core inflation remains elevated, reflecting a tight labor market, robust wage growth, and healthy profit margins. Fragmented results in November elections are leading to a prolonged government formation, with possible implications for pro-growth and climate policies.
Download or read book Kingdom of the Netherlands Netherlands 2007 Article IV Consultation written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of the Netherlands Netherlands written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-08-08 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following several years of expansion, the Dutch economy is in its third year of weak growth. Executive Directors commended the authorities on prudent economic policy, and advised for fiscal consolidation in view of population aging. They welcomed the multiyear fiscal framework, and underscored the need to press forward with labor and product market reforms. They appreciated the sound fiscal and structural policies. They agreed that the Dutch financial sector remained sound and well supervised, and commended authorities for taking measures to strengthen the public finances.
Download or read book Kingdom of the Netherlands Netherlands written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of the Netherlands Netherlands written by Ajai Chopra and published by . This book was released on 2010 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of the Netherlands written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-06-03 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strong macroeconomic foundations have so far largely shielded the Netherlands from recent financial turbulence. Despite a tightening labor market, inflation remains subdued. Employment has grown 11⁄4–11⁄2 percent in 2007, on par with the rest of the Euro area. The external current account surplus remains large, and various approaches suggest that Dutch competitiveness is satisfactory. Fiscal performance, while staying strong, has been mildly procyclical since 2007. Long-term fiscal sustainability remains elusive, owing to population aging and its attendant budgetary costs.
Download or read book Kingdom of the Netherlands written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-02-04 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for the Netherlands’ 2009 Article IV Consultation describes the economic developments and policies. State interventions in the financial sector have been broadly appropriate and consistent with a sound fix-it-and-exit approach. Measures have included capital injections, nationalization, and government guarantees. Although systemic risks have been addressed effectively and risk-weighted capital ratios are above required minima, building up equity to levels deemed more adequate in regulatory reform proposals and brisker lending to support the economic recovery may require banks to tap considerable extra capital.
