Kingdom of the Netherlands: Netherlands: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Kingdom of the Netherlands: Netherlan

Netherlands: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Kingdom of the Netherlands: Netherlands

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Volume/Issue: Volume 2008 Issue 171
Publication date: June 2008
ISBN: 9781451829587
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Inflation , Labor , Economics- Macroeconomics , Public Finance , Demography , ISCR , CR , harmonized inflation , staff appraisal , rate , growth , market turbulence , IMF staff estimate , unemployment benefit , real GDP , Fiscal stance , Aging , Labor markets , Global

Also of interest
Grenada
Nepal
Peru
Republic of Congo : 2001 Article IV
Summary

Strong macroeconomic foundations have so far largely shielded the Netherlands from recent financial turbulence. Despite a tightening labor market, inflation remains subdued. Employment has grown 1¼–1½ percent in 2007, on par with the rest of the Euro area. The external current account surplus remains large, and various approaches suggest that Dutch competitiveness is satisfactory. Fiscal performance, while staying strong, has been mildly procyclical since 2007. Long-term fiscal sustainability remains elusive, owing to population aging and its attendant budgetary costs.

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