Netherlands | Economic Overview | 2013 Q1
Recent updates for the Dutch economy show further deterioration of the economic conditions. In the fourth quarter of 2012, the GDP contracted 0.4 percent over the previous quarter and 1.2 percent from a year earlier, confirming the country was in recession. Moreover, the country’s exposure to the sovereign debt crisis continues to be visible as the debt-to-GDP ratio is expected to peak at 77 percent for 2012. Also, the VAT increase, falling real estate prices and a soaring unemployment rate placed consumer confidence near all-time lows in the past few months. As for the supply side, business confidence has been weak for the last two years and industrial production contracted in the first three months of the year, remaining still beyond sustainable recovery.
5/8/2013 9:31:04 AM