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Netherlands: from the model pupil to a problem case - and back?

Author

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  • Oscar-Erich Kuntze

Abstract

In 2003 the Netherlands had its first recession in two decades. Real gross domestic product decreased by 0.8%. The situation on the labour market deteriorated clearly, the unemployment rate increased to 3.8% for the year. Inflation stood at 2.2%. In 2004 real GDP will increase by around 1%. The unemployment rate will stand at 5½% for the year, and consumer prices could exceed the previous-year level by 1½%. In 2005 GDP will expand by 1¾%. The unemployment rate will increase to 6%, and inflation will stand at 1½%.

Suggested Citation

  • Oscar-Erich Kuntze, 2004. "Netherlands: from the model pupil to a problem case - and back?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(11), pages 44-53, June.
    • Handle: RePEc:ces:ifosdt:v:57:y:2004:i:11:p:44-53
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    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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