The results of the general election will have little effect on economic growth and the political colour of the next government will be largely irrelevant for share prices, analysts at stockbrokers Theodoor Gilissen said on Wednesday.

While the parties’ financial strategies all have fundamental differences, the effect of politics on the Dutch economy is limited, the analysts said. ‘Recessions and economic recovery are determined by international factors. Goverment policy only influences the margins.’
Earnings at major Dutch listed companies, which do a great deal of business abroad, are more dependent on world economy and European monetary policy, the analysts said. But cabinet policy on the infrastructure and defence issues do have a significant effect on smaller bourse-listed companies.