Feb 9, 2024 at 10:27 AM Update: 2 hours ago
The Dutch economy is slowly recovering. Growth of 0.6 percent is expected this year and in 2025 there will be economic growth of 1.3 percent. Furthermore, the labor market will remain very tight in the coming years.
According to the International Monetary Fund (IMF), economic growth is picking up, but slower than previously thought. The Dutch economy grew by 0.1 percent last year. The fund announced this on Friday at a press conference at De Nederlandsche Bank (DNB) in Amsterdam.
Earlier this year, the IMF’s global estimates assumed 0.2 percent growth in 2023, 0.7 percent this year and 1.3 percent growth in 2025. And that was also a bleaker picture than the IMF had for a number of months. had outlined before.
The growth for this and next year is mainly due to the improved purchasing power of consumers due to lower inflation. Households therefore have more to spend. Demand from abroad is also increasing, which is good for our exports.
The IMF expects that the labor market will remain very tight in the coming years. There are currently approximately 380,000 vacancies open in our country. According to the fund, it is necessary for part-time workers to work more hours to solve the shortages in various sectors.
A record number of people in our country work part-time: 4.7 million. Growth is expected to continue in the coming years.
Image: ANP
Read more about:
IMFEconomy
2024-02-09 09:27:44
#Dutch #economy #picking #slower #expected #Economy
