Netherlands: Above-potential growth

The economic expansion remained strong in 2007 and is expected to reach 3% for the second year in a row. Over the projection period above-potential growth is projected to continue, reflecting both robust domestic demand and dynamic export markets. However, labour shortages are likely to persist, partly reflecting population ageing, which will increasingly hamper the expansion of the economy. Indeed, inflation pressures are expected to increase gradually.
To facilitate stronger sustainable growth, policies aimed at raising labour utilisation should be intensified. Moreover, given the unusual uncertainty in short-term economic prospects, the government should be ready to allow the full functioning of the automatic stabilisers.



©OECD Observer No. 264/265, December 2007-January 2008

OECD Economic Outlook No. 82, December 2007
Visit www.oecd.org/netherlands
All OECD Observer articles on the Netherlands



Economic data

GDP growth: +0.2% Q4 2019
Consumer price inflation: 2.3% January 2020
Trade (G20): -0.1% exp, -1.3% imp, Q4 2019
Unemployment: 5.1% January 2020
Last update: 11 March 2020

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