Dutch growth getting more traction, with surprising investment and strong export growth
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Dutch growth getting more traction, with surprising investment and strong export growth
The desk notes that Dutch economic growth has accelerated more than previously expected, with GDP expanding 0.4% quarter-on-quarter in Q2, underpinned by stronger household consumption and exports. Per the full note from ing-think, the growth was bolstered by a surprising investment uptick and increased export volumes, particularly in machinery and food. As we view this economic resilience positively, it suggests a potential near-term supportive backdrop for the euro against other currencies, particularly as we anticipate EU monetary policy adjustments. Current consensus forecasts position EUR/USD in a 1.04 to 1.12 range, which reflects the mixed outlook amid elevated inflation concerns.