The heyday of the Dutch economy seems to be over. According to the International Monetary Fund (IMF), the Dutch economy will continue to grow in the coming years, but the pace will be a disappointingly close to zero.
For 2018, the IMF is counting on a growth of 2.6 percent. This means a decline of 0.3 percentage points compared to 2017. This year the pace will slow further to 2.2 percent and for next year the fund will take into account 2.1 percent growth.
The IMF emphasizes that the Dutch economy has been steaming in recent years, helped by domestic demand and exports. The labor market, tax policy and the booming housing market also played a role in growth, and the banking sector has also become financially healthier in recent years.
Trading tensions and Brexit
Among other things, trade strains and the upcoming Brexit put a brake on growth according to the IMF. The IMF also points to the relatively high level of indebtedness that Dutch households have in average.