Netherlands: 2013 Article IV Consultation

International Monetary Fund

No 2013/115, IMF Staff Country Reports from International Monetary Fund

Abstract: The Netherlands is an AAA euro area (EA) economy with significant private sector imbalances. The main policy challenge is to restore growth and manage downside risks while allowing for an orderly adjustment of private sector balance sheets. A focus on medium-term objectives will cement policy credibility and mitigate uncertainty. The financial system must reduce its dependence on wholesale financing, and banks reliant on public sector support need to wind down this support. Reforms in the labor markets and human capital will be important in safeguarding the economy’s growth potential.

Keywords: ISCR; CR; Netherlands; GDP; agreement; temporary employee; redundancy procedure; consumer confidence; liability positions vis-à-vis nonresident; consultation cycle; budgetary funds; Housing prices; Financial statements; Mortgages; Pension spending; Global (search for similar items in EconPapers)
Pages: 51
Date: 2013-05-10
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