We’re in a recession. The economic signs are all there, and so are the physical signs. I’ve noticed more “for sale” signs on apartment windows, and a number of businesses have closed.
However according to Bloomberg the Dutch economy is doing better than other EU economies
In the EU’s ranking of countries meeting the so-called Lisbon targets, the Netherlands jumped from sixth to third place, just below Poland and list leader Finland, Bloomberg reported on Monday.
There’s a couple of contributing factors here, one is that the domestic credit market is well structured and well regulated, with few exceptions people can’t borrow more than they can afford. Also the country is third on another list – level of guarantees provided by governments.
Here’s hoping this slightly good news continues.