Dutch Economy Contracts In Q1 2024, Robust Private Consumption To Drive The Modest Recovery Ahead
Country Risk / Netherlands / Tue 21 May, 2024
Key View
- The Dutch economy contracted by 0.1% q-o-q in Q124, according to the first estimate.
- We maintain our view that the gradual recovery of private consumption will be the main driver of growth in 2024.
- We maintain our expectation of a small yet positive contribution of gross fixed capital formation (GFCF) to headline growth.
The Dutch economy