Political Drama In The Netherlands Will Cost Time

The current caretaker government, led by Rutte, will govern until a new one has been formed. This can take months and the current political distrust makes it more difficult to decide on anything material in the meantime, with the exception of its handling of the pandemic and the extension of existing economic support measures. The Dutch economy, therefore, is unlikely to benefit from a post-COVID economic recovery plan this year, which Rutte suggested would have to be decided upon as quickly as possible. And that's why we aren't changing our economic outlook, as this possible additional fiscal stimulus wasn’t part of our current economic forecast.

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Disclaimer: This publication has been prepared by the Economic and Financial Analysis Division of ING Bank N.V. (“ING”) solely for information purposes without regard to any ...

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