as The European economy shrank in the second quarter, up 11.9 per cent), and in the states, there was a sharp decline. On Friday, the figures for the Dutch economy in this period will be published. You can clearly see the extent of the gross domestic product (gdp) has shrunk.
finally, Analysts at Rabobank expect a contraction of gdp in the Netherlands to 8 percent in the second quarter, while ING in the so-called base case scenario assumes a decline in the 10-to 11-percent, quarter-on-quarter.
“the Netherlands is faced with an unprecedented gdp contraction, and a recorddaling for a specific period. Also, look at the modern history of this downturn is unique,” says Marcel, a Clock, a macro-economist at ING.
“The coronamaatregelen was a bit more relaxed than in some other countries, as well as the so-called intelligent lock, is a lock. There are stores and restaurants are closed, and that will cost you a lot a lot of economic activity, which adds a Clock to.
In the first quarter, continued to decline limited to 1.5%. For all of 2020, reckon-ING in a reduction of 5% to 6% year-on-year.
the Spanish and British economies have received the hardest blows,
for example, If the impact on gdp of between 8 percent and 11 percent of reality, the performance of the Netherlands is not much better than our neighbouring countries. In Germany, the recordkrimp of 10.1 per cent was recorded in the second quarter, and in France, with a 13.8 percent increase.
Also, Spain and Italy, and the end of the last quarter in the recession, with a decline of, respectively, 18.5 percent, and 12.4 percent of the time. In the United Kingdom, could be seen as a recordkrimp of 20.4 per cent.
in Neighboring country did to the economic decline of 12.2 per cent between march and July is not much better. In Austria it was the fall in the gdp was 10.7 percent, which is the economy of the Alpine country is a little bit better performance than that of the rest of the economies of the European union.
the Economic contraction in the second quarter, Lithuania -5,1 per cent in Latvia: -7,5 per cent and the Czech republic, -8,4 per cent, Sweden: -8,6 per cent, Germany -10,1 per cent in Austria, -10,7 per cent in Belgium: -12,2 percent in Italy, -12,4 percent in France -13,8 percent in Portugal, -14,1 per cent, Spain: -18,5 percent in the United Kingdom, -20,4 per cent for the EU: -11,9 per cent of the euro zone: -12,1 percent of Economic impact is relatively limited in Sweden,
is A positive peak in the second quarter, if any, there may have been – was in the south of Sweden. That was the economic recession of ‘limited’ up to 8.6 per cent. There may be a link between the relatively smooth coronamaatregelen in the Scandinavian country, and the smaller the impact on the gdp, all the math that economists out there, it is not yet in.
“It is too early to evaluate how well the various strategies for dealing with the corona virus, the economies will affect,” according to the economist Torbjorn Isaksson, from Nordea, in a conversation with the Financial Times last week. Nordea is a financial services provider that is focused on the Scandinavian market.
For the full year, economists expect a contraction of up to 4 to 5 per cent in Sweden, which is also a better score than the other countries in the euro zone, but it’s not much better than a country like Denmark, which, however, the greater part being at the top of the coronacrisis.
