Kingdom of the Netherlands - Netherlands: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of the Netherlands

Kingdom of the Netherlands - Netherlands: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of the Netherlands—Netherlands

May 28, 2018

Preview Citation

Format: Chicago

Kingdom of the Netherlands - Netherlands: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of the Netherlands—Netherlands, (USA: International Monetary Fund, 2018) accessed November 4, 2024

Summary

This 2018 Article IV Consultation highlights that the Netherland’s economic recovery has taken hold. Real growth is forecast to reach 3.1 percent in 2018 owing to robust domestic demand. Private consumption has been supported by rising disposable income and positive wealth effects from increasing housing prices. Net exports have proven resilient to global uncertainties, pushing up the already large current account surplus. Unemployment has continued to decline rapidly, although most of the jobs have been created under temporary contracts or self-employment status. The economy is expected to keep its momentum in the coming years. Domestic consumption and investment are forecast to remain the main drivers of growth, prompting a gradual decline of the current account surplus.

Subject: Financial institutions, Housing, Housing prices, Labor, Labor markets, Loans, Mortgages, National accounts, Prices, Wages

Keywords: Authority, CR, Economic recovery, Global, Housing, Housing prices, Inflation development, ISCR, Labor market condition, Labor markets, Liability position s vis-à-vis nonresident, Loans, Medium term fiscal policy framework, Net export, Staff's assessment, Wages

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/130
Stock No:

1NLDEA2018001
ISBN:

9781484357804
ISSN:

1934-7685

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