Dutch Economic Growth Projections for 2024-2028

2024 Growth Forecast

According to the government's policy adviser CPB, the Netherlands' economy is projected to grow by 0.6% in 2024.

This forecast is a slight downgrade from the previous estimate of 0.7%.

Reasons for the Downgrade

• Slowing global economy
• Rising energy prices
• Labor shortages

2025-2028 Projections

The CPB also released projections for economic growth in the years 2025-2028.

Growth is expected to be higher in these years, with an average annual rate of 1.6%.

Factors Driving Growth

• Increased investment
• Strong consumer spending
• Continued growth in the tech sector

Conclusion

The Dutch economy is expected to continue to grow in the coming years, albeit at a slower pace than in the past.

The government is implementing policies to address the challenges facing the economy, such as labor shortages and rising energy prices.

As a result, the Netherlands remains an attractive investment destination for businesses looking to expand into Europe.