We've left our GDP growth forecast for the Netherlands in 2024 unchanged at 0.5% and nudged up our 2025 forecast to 1.4% from 1.3%. Timely indicators have been mixed. At the margin, we think the indicators suggest growth momentum is beginning to ease after the stronger-than-expected Q2 outturn of 1% q/q GDP growth. We continue to expect economic growth will gain pace heading into 2025 as the impact of tight monetary policy unwinds, purchasing power rises, and external demand picks up.
Netherlands: Growth momentum appears to be easing in Q3