2023-10-21 08:57:08
Rating agency S&P Global is optimistic regarding the Dutch economy in 2024. The leading credit rating agency predicts that the economy will pick up from next year, supported by stronger domestic demand.
According to the leading American credit rating agency, the economy will receive a boost from the tight labor market and a recovery in household purchasing power. Consumers will have more to spend once more as inflation decreases.
S&P Global calculates that economic growth between 2024 and 2026 will average 1.4 percent. This is expected to be a plus of 0.5 percent this year. “Tight financial conditions and weaker external demand will weigh on economic activity this year,” it said in a report.
S&P to talk regarding our economy
Nevertheless, the experts from the American office are positive regarding our country. “The Netherlands is the fifth largest economy in the European Union, with the largest seaport and a wide range of trading partners. It is a rich, open, diversified and competitive economy.”
S&P Global does expect a coalition government to be formed following the November elections, which will make it difficult to make policy. “A fragmented political landscape will hamper policymaking in the short term.”
The credit rating agency maintains the ‘AAA/A-1+’ status of the Netherlands, one of the highest possible categories of creditworthiness.
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