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
IMF Staff Country Reports, May 28, 2018
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- 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
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Bibliographic details
- Authors: International Monetary Fund. European Dept.
- Published: May 28, 2018
- Series: IMF Staff Country Reports
Macroeconomic outlook and growth projections
- Real growth is forecast to reach 3.1 percent in 2018 owing to robust domestic demand.
- 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.
Demand, trade, and external sector
- 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.
- The current account surplus is expected to decline gradually as domestic demand and investment drive growth.
Labor market and employment dynamics
- Unemployment has continued to decline rapidly.
- Most of the jobs created have been under temporary contracts or self-employment status.
Content in this bundle
- Country Report