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Netherlands Economic Snapshot

Economic Forecast Summary (June 2022)

The Dutch economy is projected to grow by 2.9% in 2022 and 1.1% in 2023. Inflation will remain high throughout 2022 averaging 9.2% due to continuing supply shortages and high energy prices, before falling back to 4.8% on average in 2023. Private consumption will continue to support growth, but will be subdued as the rising cost of living erodes households’ income. A tight labour market will help to keep unemployment low.

Economic Survey of the Netherlands - 16 June 2021

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Reform Priorities (April 2021)

Going for Growth 2021 - Netherlands

The pandemic highlighted job insecurity of non-standard work contracts, which represent a considerable share of employment. To prevent a long-lasting impact on workers, the top policy priority should be to improve the targeting of active labour market policies. Increasing resilience and inclusiveness of the labour market will necessitate rebalancing the employment protection on various types of contracts in the longer term.

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2021 Structural Reform Priorities

  • Labour market: Strengthen ALMPs to provide workers with effective training and support their reallocation
  • Labour market: Reduce the use of temporary contracts and encourage the transition to permanent contracts
  • Housing: Support the supply of market rental housing
  • Tax system and housing: Reduce tax subsidies on owner-occupied housing
  • Environmental policy: Reduce exposure to air pollution

 

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