US EditionDutch Economy Held Back by Tariffs and Uncertainty, Central Bank Says
- De Nederlandsche Bank released two reports on June 6, 2025, describing Dutch economic challenges amid global trade tensions and uncertainty.
- The reports note the US under President Donald Trump has escalated a tariff war with allies and rivals, causing uncertainty and a possible recession.
- The Dutch economy is forecast to grow 1.1% in 2025 with inflation falling below 3%, while housing prices could rise over 7% due to tight supply.
- DNB Chief Economist Olaf Sleijpen warned that a 50% US tariff increase could lead to recession and that government finances will worsen as social spending rises.
- The reports suggest cautious investment, persistent budget deficits near 3% of GDP, and limited fiscal space will challenge the next Dutch government.
11 Articles
11 Articles
Dutch economy held back by tariffs and uncertainty, central bank says
AMSTERDAM (Reuters) -Trade tariffs and the uncertainty they are causing put a brake on economic growth in the Netherlands, the Dutch central bank DNB said on Friday. Growth of the euro zone’s fifth largest economy is set to remain stuck at about 1% from this year through 2027, DNB said, revising down its previous outlook of 1.5% growth for 2025 and 2026. The bank said its outlook was based on current U.S. trade tariffs of about 10% on most forei…
How do you capture the uncertainty of the trade war, when you are expected to come up with a prediction about the growth of the Dutch economy (and the…
Although geopolitical tensions and import duties have a major impact on the Dutch economy, it continues to grow even in a 'severe scenario',...
The Dutch economy will grow slightly less in the coming three years. For both this year there and the coming years, the expected growth is around 1 percent. But if the trade war between Europe and the United States gets out of hand, growth may come to a standstill. This is what De Nederlandsche Bank (DNB) writes in the new spring estimate of the economy. In this, DNB is again slightly more pessimistic about the economy and inflation. According t…
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