Expect political fragmentation to continue in the Netherlands as a government with less than four parties seems unlikely. While coming from a comfortable position in terms of economic growth and public finances, political indecision risks undermining the Netherlands’ favourable medium-term outlook
Sentiment in Dutch commercial services and retail cooled in September, according to fresh data from the European Commission. While the mood isn’t gloomy, it does echo our view that growth remains stuck below potential – for now
Falling unemployment suggests that the eurozone economy remains resilient in the face of global uncertainty. Modest economic growth seems realistic for the coming quarters, as the strong labour market should aid some domestic recovery
Although Europe faces significant housing shortages, residential construction is unlikely to rise this year. Permits for new homes are increasing, but growth remains slow. The infrastructure sector continues to grow, but significant gains from the new NATO agreement are unlikely
