IMF Staff Country Reports

Kingdom of the Netherlands–The Netherlands: 2024 Article IV Consultation-Press Release; and Staff Report

Publication Date:

April 8, 2024

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2024/085

Subject:

Fiscal policy Fiscal stance Inflation International organization Labor Labor markets Labor shortages Monetary policy Prices

Frequency:

regular