• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Instagram
  • LinkedIn
  • TikTok
  • Twitter
  • YouTube
CDE Almería – Centro de Documentación Europea – Universidad de Almería

CDE Almería - Centro de Documentación Europea - Universidad de Almería

Centro de Documentación Europea de la Universidad de Almería

  • HOME
  • WHAT´S ON
    • EU BULLETINS
    • EU NEWS
    • Activities
    • EU Calls and Awards
    • Radio Program «Europe with You»
  • DOCUMENTATION
    • Bibliographic Collection
      • Almería EDC Digital Collection
      • UNIVERSITY OF ALMERIA LIBRARY
    • Documentation by topic
    • EU Media Collection
      • Web Space
      • MEDIATHEQUE REPOSITORY
  • Europe on the net
    • Institutions
    • EU Representation in Spain
    • European information network of Andalusia
    • EU official journal
  • ABOUT US
    • Presentation
    • People
    • Contact
  • English
  • Spanish

IMF on Dutch Economy: Connectedness of the Dutch Economy Leads to Lower GDP Growth Forecast

Inicio » EU News » IMF on Dutch Economy: Connectedness of the Dutch Economy Leads to Lower GDP Growth Forecast

8 de May de 2020

The Netherlands has one of the most internationally integrated economies in the world. This interdependence makes the country especially vulnerable to a global crisis like the COVID-19 pandemic.

Comparing the Netherlands with other economies

The Dutch economy is one of the most internationally integrated in the world. Dutch exports of goods and services are very high (over 60 percent of GDP in 2019) and have been growing in importance in the last decade. The Netherlands has one of the highest external current account surpluses in the world: 11 percent of GDP in 2019. It runs surpluses with every major economy in Europe. This interdependence makes the country especially vulnerable to a global crisis like the one they are experiencing, in which international movements and production chains may be disrupted for several months as the pandemic hits different parts of the world at different times. This will likely mean a somewhat slower recovery for the Netherlands.

In addition, the decline in the price of financial assets in Europe has been steep this year—and it could affect the pace of recovery in consumption in the Netherlands. Dutch households, through the occupational pension funds, own a large volume of assets, not just domestic, but foreign as well. More than 200 percent of GDP worth in the last few years, in fact. And the value of the financial assets held by the pension funds (notably the value of stocks) has taken a hit so far in 2020. In the global financial crisis and the euro area debt crisis, Dutch households increased their saving when the value of their financial holdings fell. This reflected traditional patterns of consumer behavior in the Netherlands, where retirement and bequest motives seem to be very strong. It is likely that something similar might happen this time, moderating the rate of growth of private consumption in the recovery phase.

For these reasons, historically, the Dutch economy seems to be somewhat more sensitive than its peers to global shocks. In the 2008-2012 period, growth volatility increased more in the Netherlands than it did in many of its comparator countries in Europe and selected non-European advanced economies.

More information

Full News: International Monetary Fund

Publicaciones relacionadas:

Commission approves second Spanish “umbrella” scheme to support economy in coronavirus outbreak The economy in the EU after the Coronavirus crisis SOTEU Ursula Von der Leyen EuropaStatement by the EC on the proposal made by France and Germany EU’s long-term budget Spring 2020 Economic Forecast: A deep and uneven recession, an uncertain recovery

“This is a space for debate. All comments, for or against publication, that are respectful and do not contain expressions that are discriminatory, defamatory or contrary to current legislation will be published”.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Publicaciones relacionadas


Commission approves second Spanish “umbrella” scheme to support economy in coronavirus outbreak


The economy in the EU after the Coronavirus crisis


SOTEU Ursula Von der Leyen EuropaStatement by the EC on the proposal made by France and Germany


EU’s long-term budget


Spring 2020 Economic Forecast: A deep and uneven recession, an uncertain recovery

Footer

Logotipo en negativo del Centro de Documentación Europea de Almería
  • CDE Almería
  • Edificio Parque Científico-Tecnológico (Pita)
  • Planta: 1ª, Despacho: 2904120.
  • Ctra. Sacramento s/n. Almería (Spain)
  • Teléfono: (+34) 950 015266

HOME
NEWS
DOCUMENTATION
EUROPE ON THE NET
ABOUT US

  • LEGAL NOTICE
  • PRIVACY POLICY
  • COOKIE POLICY
  • ACCESSIBILITY
  • SITEMAP

Copyright © 2023 CDE Almería · Creative Commons LicenseThis work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

<p>El Centro de Documentación Europea de la Universidad de Almería utiliza cookies propias y de terceros para facilitar al usuario la navegación en su página Web y el acceso a los distintos contenidos alojados en la misma. Asimismo, se utilizan cookies analíticas de terceros para medir la interacción de los usuarios con el sitio Web. Pinche el siguiente enlace si desea información sobre el uso de cookies y como deshabilitarlas. ajustes</p>

Politica de privacidad

El Centro de Documentación Europea de la Universidad de Almería utiliza cookies propias y de terceros para facilitar al usuario la navegación en su página Web y el acceso a los distintos contenidos alojados en la misma. Asimismo, se utilizan cookies analíticas de terceros para medir la interacción de los usuarios con el sitio Web. Pinche el siguiente enlace si desea información sobre el uso de cookies y como deshabilitarlas. <a href="/politica-de-cookies" rel="noopener" target="_blank">Más información</a>

Cookies estrictamente necesarias

Las cookies estrictamente necesarias tiene que activarse siempre para que podamos guardar tus preferencias de ajustes de cookies.

Básicamente la web no funcionara bien si no las activas.

Estas cookies son:

  • Comprobación de inicio de sesión.
  • Cookies de seguridad.
  • Aceptación/rechazo previo de cookies.

Si desactivas esta cookie no podremos guardar tus preferencias. Esto significa que cada vez que visites esta web tendrás que activar o desactivar las cookies de nuevo.

Cookies de terceros

Esta web utiliza Google Analytics, Google Tag Manager y Yandex Metrika para recopilar información anónima tal como el número de visitantes del sitio, o las páginas más populares.

Dejar estas cookies activas nos permite mejorar nuestra web.

¡Por favor, activa primero las cookies estrictamente necesarias para que podamos guardar tus preferencias!

Política de cookies

Pinche el siguiente enlace si desea información sobre el uso de cookies y como deshabilitarlas. Más información