Kingdom of Netherlands: Netherlands: 2011 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 Netherlands: Netherlands
June 21, 2011
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In this study, the stability of the economy of the Netherlands is overviewed. Bank profitability has recovered. The housing and mortgage markets are relatively stable, although vulnerabilities to household balance sheets are rising. The results of stress tests in the context of the Financial Stability Assessment Program (FSAP) update are welcomed, which show resilience of bank capital and liquidity buffers under extreme scenarios. Executive Directors agreed that structural reforms continue to be key to lifting the Netherlands’s long-term growth prospects. Further reforms of the tax and benefit systems are needed.
Subject: Aging, Fiscal policy, Fiscal sustainability, Housing prices, Labor, Output gap, Population and demographics, Prices, Production
Keywords: Aging, CR, deficit, Fiscal sustainability, Global, government finances, government intervention, Housing prices, ISCR, Netherlands, Output gap, projection, short term, supply condition, y-o-y growth
Pages:
72
Volume:
2011
DOI:
Issue:
142
Series:
Country Report No. 2011/142
Stock No:
1NLDEA2011003
ISBN:
9781455286638
ISSN:
1934-7685
