Despite less stringent measures than in other countries, the Dutch economy is suffering severely from the outbreak of COVID-19, economists at Rabobank report. Key quotes “We expect the Dutch economy to shrink by 5.0% in 2020. Recovery will begin in the second half of 2020, resulting in forecasted GDP growth of 4.9% in 2021.” “Unemployment is expected to increase and peak at the end of 2020 at 7.5%, up from a record-low of 2.9% in February. And this will of course hurt consumption further.” “The budget for the support measures has initially been set at around 10 to 20 billion euros in the first three months, with the explicit mention that more money can be made available. Dutch public finances provide plenty of headspace to undertake these commitments.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Malaysia: Government announced extra help for SMEs – UOB FX Street 2 years Despite less stringent measures than in other countries, the Dutch economy is suffering severely from the outbreak of COVID-19, economists at Rabobank report. Key quotes “We expect the Dutch economy to shrink by 5.0% in 2020. Recovery will begin in the second half of 2020, resulting in forecasted GDP growth of 4.9% in 2021.” “Unemployment is expected to increase and peak at the end of 2020 at 7.5%, up from a record-low of 2.9% in February. And this will of course hurt consumption further.” “The budget for the support measures has initially been set at around 10 to 20 billion… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
