Kingdom of the Netherlands - Netherlands: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of the Netherlands—Netherlands

International Monetary Fund

No 2018/130, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2018 Article IV Consultation highlights that the Netherland’s economic recovery has taken hold. Real growth is forecast to reach 3.1 percent in 2018 owing to robust domestic demand. Private consumption has been supported by rising disposable income and positive wealth effects from increasing housing prices. Net exports have proven resilient to global uncertainties, pushing up the already large current account surplus. Unemployment has continued to decline rapidly, although most of the jobs have been created under temporary contracts or self-employment status. The economy is expected to keep its momentum in the coming years. Domestic consumption and investment are forecast to remain the main drivers of growth, prompting a gradual decline of the current account surplus.

Keywords: ISCR; CR; authority; medium term fiscal policy framework; economic recovery; inflation development; liability position s vis-à-vis nonresident; net export; labor market condition; staff's assessment; Housing prices; Wages; Labor markets; Housing; Loans; Global (search for similar items in EconPapers)
Pages: 59
Date: 2018-05-28
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