Kingdom of the Netherlands: Netherlands: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Kingdom of the Netherlands: Netherlands

June 3, 2008

Preview Citation

Format: Chicago

Kingdom of the Netherlands: Netherlands: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Kingdom of the Netherlands: Netherlands, (USA: International Monetary Fund, 2008) accessed November 22, 2024

Summary

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 1¼–1½ 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.

Subject: Aging, Expenditure, Fiscal policy, Fiscal stance, Labor, Labor markets, Population and demographics

Keywords: Aging, CR, Fiscal stance, Global, Growth, Harmonized inflation, IMF staff estimate, ISCR, Labor markets, Market turbulence, Rate, Real GDP, Staff appraisal, Unemployment benefit

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/171
Stock No:

1NLDEA2008002
ISBN:

9781451829587
ISSN:

1934-7685

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