The big question for anyone
working in the Netherlands
is how, when and to what extent the economic downturn due to the
coronavirus will affect public finances in the long term. According to
CBP, the Dutch economy will grow by 3,5 percent next year. Thanks, in
part, to the support package for companies, unemployment is at the rate
of 5,9 percent as opposed to the previously feared rate of 6,5 percent.
Here are the main points regarding the Dutch economy:
- The economy will contract by 5 percent in 2020 but will grow by 3,5 percent in 2021 provided there is no second lockdown
- National debt will reach 60 percent of GDP
- Unemployment will be at 5,9 percent
- Higher spending on unemployment benefits will reach an overspend of 230 million euros
Read more at:
A brief overview of the Dutch governmental budget for 2021
