We forecast the Dutch economy will grow by 1.3% next year following a 0.9% expansion this year, as the impact of monetary policy unwinds and strong wage growth alongside lower inflation helps drive the recovery in consumption. We expect inflation will average 2.5% in 2025, down from 3.4% in 2024, thanks to lower international energy prices and easing underlying inflationary pressures.
Netherlands: Another strong quarter, but upbeat momentum won't last