Netherlands: Growth of 1.9% in the quarter

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The Dutch economy grew 1.9% in the July-September period compared to the previous quarter, as the lifting of coronavirus restrictions continued to fuel a boom in consumer spending, according to official figures.

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The growth of the fifth largest economy in the eurozone comes after the growth of 3.8% in the second quarter, and was stronger than the 1.7% forecast by economists.

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The boom of the last six months has offset the deep recession caused by the pandemic, and the size of the Dutch economy now exceeds the levels we saw before the crisis.

The strong recovery is also visible in the job market as well, where there are now 126 job vacancies for every 100 people who do not have a job.

Bars, restaurants, and shops were allowed to reopen in the summer, and all social distance measures in the Netherlands were lifted in late September.

Since then, however, cases have risen to a record high last week.


Source From: Capital

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