Netherlands Economic Snapshot
Economic Forecast Summary (November 2022)
Economic Outlook Note - Netherlands
Following a 4.3% expansion in 2022, economic growth is projected to slow to 0.8% in 2023 and 1.1% in 2024. Inflation is expected to moderate to 3.9% by the end of 2024, after peaking at 15.4% in the fourth quarter of 2022. Private consumption is projected to weaken in the short term, but will gradually strengthen, aided by government support measures and welfare adjustments.
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Read full country noteEconomic Survey of the Netherlands - 16 June 2021
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Reform Priorities (April 2021)
Going for Growth 2021 - Netherlands
The pandemic highlighted job insecurity of non-standard work contracts, which represent a considerable share of employment. To prevent a long-lasting impact on workers, the top policy priority should be to improve the targeting of active labour market policies. Increasing resilience and inclusiveness of the labour market will necessitate rebalancing the employment protection on various types of contracts in the longer term.
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Read full country note2021 Structural Reform Priorities
- Labour market: Strengthen ALMPs to provide workers with effective training and support their reallocation
- Labour market: Reduce the use of temporary contracts and encourage the transition to permanent contracts
- Housing: Support the supply of market rental housing
- Tax system and housing: Reduce tax subsidies on owner-occupied housing
- Environmental policy: Reduce exposure to air pollution