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
IMF Staff Country Reports, June 3, 2008
Source details
- Canonical URL
- 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
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Bibliographic details
- Published: June 3, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451829587.002
Macroeconomic overview and resilience
- Strong macroeconomic foundations have so far largely shielded the Netherlands from recent financial turbulence.
- The external current account surplus remains large.
- Various approaches suggest that Dutch competitiveness is satisfactory.
Labor market and inflation
- 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.
Fiscal performance and sustainability
- 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.
Subjects and keywords emphasized in the report
- Subjects: 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
IMF Staff Country Report No. 2008/171 (June 3, 2008)