Macro - Country Economic Forecasts - Netherlands
We expect Russia's invasion of Ukraine to mean energy prices will stay higher for longer, pushing up Dutch inflation further and weakening growth. We have raised our inflation forecast to 5.7% for this year (from 5.1% last month) and 1.1% in 2023. The high pass-through of gas prices in the Netherlands will hit households' disposable income and consumption spending, so we have cut our GDP growth forecast to 3.2% this year (from 4.1%) and 1.7% in 2023.
- Netherlands: War in Ukraine to cut growth and lift inflation in 2022–23
- Forecast overview
- Recent developments
- Short-term outlook
- Key drivers of our short-term forecast
- Economic risk
- Economic risk evaluation
- Risk warnings
- What to watch out for
- Exposure to key global risks
- Long-term prospects
- Background
- Economic development
- Structure of the economy
- Balance of payments and structure of trade
- Politics and policy
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