Economy will recover in 2021, provided coronavirus is under control | Under the baseline projections, which assume the coronavirus will be under control in both the Netherlands and other European countries in the first half of next year, the Dutch economy will grow in 2021 by nearly 3%, following a contraction of over 4% in 2020. Unemployment will increase to more than 6% in 2021, affecting particularly young people, employees on a flexible employment contract and self-employed independents. This is concluded in the November projections by CPB Netherlands Bureau for Economic Policy Analysis, published on 26 November. The currently projected economic growth rates are slightly higher for 2020 and slightly lower for 2021 than those in the projections published on 15 September (Prinsjesdag), due to the unexpectedly stronger recovery in the third quarter of 2020 and the second corona wave, respectively. | Read more... |
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