The Netherlands: Coronavirus pushes the economy into recession – Rabobank
|Economists at Rabobank are expecting a contraction for the Dutch economy in 2020.
Key quotes
“We are lowering our expectations for the Dutch economy again, and expect a contraction of 0.2% in 2020.”
“The Dutch government has initially pledged EUR 15.6 billion to support measures for workers and businesses.”
“We estimate that household consumption will grow by just half a percent in the whole of 2020.”
“We expect companies to invest 2.1% less in 2020 than in 2019.”
“We expect a 1.5% drop in 2020 for both exports and imports.”
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