netherlands

Dutch’s Biography

The grain trade sparked the development of a range of industries. Following strong GDP development of 4.9% in 2021, fuelled by the gradual lifting of COVID-19 restrictions, the Dutch economy is facing new headwinds. Russia’s invasion of Ukraine has resulted in additional increases in commodity prices and added provide chain disruptions. Annual growth for 2022 is revised down compared to the Commission’s Spring Forecast, to 3.%. The economy grew by .four% q-o-q in the 1st quarter, but development in the remaining quarters is expected to be weaker, with the annual development forecast getting driven to a huge extent by a...