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Kingdom of the Netherlands - Netherlands : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of the Netherlands—Netherlands


International Monetary Fund. European Dept.

Publication Date:

May 28, 2018

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file


Four years after exiting a double dip recession, the economic recovery has taken hold, driven by robust domestic demand against the backdrop of increasing house prices. Net exports have also proven resilient to global uncertainties so far, pushing up the already large current account surplus. The pickup in economic activity has resulted in a marked decrease in the unemployment rate. In this context, the coalition agreement, adopted in late 2017 by the new government following general elections earlier on that year, lays out a broad-based fiscal expansion and an ambitious structural reform agenda aimed at strengthening the macroprudential toolkit, reducing duality on the labor market, and overhauling the second pillar of the pension system over the next four years.

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