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Kingdom of The Netherlands—The Netherlands: 2026 Article IV Consultation-Press Release; and Staff Report

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  • International Monetary Fund

Abstract

The Netherlands is entering a more challenging phase as the energy shock from the war in the Middle East impacts an economy that entered 2026 from a position of relative strength. Growth has been resilient and buffers ample, even as longstanding structural bottlenecks—high private savings, weak investment, and capacity constraints—continue to weigh on productivity and medium‑term growth. The new government has articulated an ambitious agenda to ease constraints and support innovation‑led growth, but minority‑government dynamics raise implementation risks. Elevated external imbalances persist. The highly integrated high‑tech sector plays an important role both as a key channel for rebalancing and as a source of external vulnerability as geoeconomic fragmentation is increasing.

Suggested Citation

  • International Monetary Fund, 2026. "Kingdom of The Netherlands—The Netherlands: 2026 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2026/197, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2026/197
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