Dutch economy keeps pace, but growth drivers are gradually shifting
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https://think.ing.com/articles/dutch-economy-keeps-pace-but-growth-drivers-are-gradually-shifting/
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Dutch economy keeps pace, but growth drivers are gradually shifting
The Dutch economy maintains a solid growth trajectory, driven primarily by export demand and rising investment, although inflationary pressures are dampening consumer spending and shifting growth dynamics. Per the full note from ING, the revised GDP growth forecast for 2026 is now 1.4%, reflecting a boost from the global AI investment cycle despite higher energy prices adversely affecting long-term projections. As the Dutch economy grapples with an increased inflation expectation of 2.9% for 2026, the FX desk remains cautiously optimistic, noting the implications of this growth on the EUR/USD. With no immediate high-impact events on the calendar, traders should remain alert to shifts in consumer confidence and inflation data as we approach year-end.