Macro - Country Economic Forecasts - Netherlands
Description
We forecast the Dutch economy will expand by 0.9% in 2026, following 1.8% growth in 2025. Exports have remained remarkably resilient amid higher tariffs, improving the outlook for international trade. Still, trade uncertainty is making businesses reluctant to invest, weighing on non-residential private investment, and we think this headwind will persist. We expect inflation to average 2.0% in 2026, down from 3.3% last year, as the tariff-related hit to demand and energy prices will help the disinflationary process.
Table of Contents
8 Pages
- Netherlands: Export growth engine continues turning
- 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
- Alternative long-run scenarios
- Background
- Economic development
- Structure of the economy
- Balance of payments and structure of trade
- Politics and policy
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