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2012 OECD Economic Surveys: Netherlands 2012

image of OECD Economic Surveys: Netherlands 2012

OECD's 2012 survey of the Dutch economy examines recent economic developments, policies and prospects and takes a special look at harvesting the benefits of globalisation, the labour market, and health care reform.

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Executive summary

The Netherlands is expected to see growth resume only slowly, implying further increases in unemployment in the short term. Current fiscal targets imply a pro-cyclical stance for the next couple of years. In the medium term, economic performance will be affected by continued globalisation and ageing of the labour force. In this perspective, structural fiscal consolidation measures are necessary to secure fiscal sustainability, but the government should also prepare the business sector for the ongoing challenges of globalisation, and adapt labour market institutions for an older and shrinking labour force.

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