Thursday 13 May 2021

IMF lifts growth prospects for the Netherlands in new report

Photo: Depositphotos.com

The International Monetary Fund has raised its economic outlook for the Netherlands substantially after the unexpected strong economic recovery seen in the second quarter of 2017.

The outlook for the world economy has also improved, the IMF said in its latest World Economic Outlook.

The IMF now puts economic growth in the Nertherlands at 3.1% for this year and at 2.6% for 2018. The group’s previous forecast was for 2.1% growth in 2017 and 1.8% in the following year.

But the IMF is not alone in its enthusiasm for the Dutch economy. Earlier the government’s macro-economic think tank  CPB  put growth at 3.3% this year and 2.5% in 2018.

The IMF now puts world economic growth at 3.6% in 2017 and at 3.7% next year.  Both figures are 0.1 percentage points higher than in the previous forecast.

The IMF also put inflation at the Netherlands at 1.3% this year, rising to 1.4% in 2018 and said employment will drop to 4.9% by 2018.

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