We forecast the Dutch economy will grow by 0.5% in 2024 and by 1.4% next year, as the impact of monetary policy unwinds and strong wage growth helps drive the recovery in consumption, along with lower inflation. We expect inflation will average 3.4% in 2024 and 2.5% in 2025, thanks to lower international energy prices and easing underlying inflationary pressures.
Netherlands: Gradual recovery to continue amidst tame sentiment