The Dutch economy grew by 4.5% this year. The economy has thus recovered well from the corona recession of 2020. For 2022, the DNB is hoping for a 3.6% increase in GDP, and for 2023 it is taking into account a lower increase of 1.7%. The Dutch Bank does indicate that these figures do not yet take into account the strict lockdown that is now in place. Inflation has increased by 2.7% in this year, and this is expected to be 3.0% in 2022. Unemployment will also rise to 3.5% in 2022, according to the DNB, where it experienced an increase to 3.3% this year.
The Dutch consumer spent 8.5% more in October this year than in October of the previous year. This means that the spending of Dutch consumers has already increased for four months in a row. Last month, spending on services (restaurant, hairdresser, subscriptions) was up as much as 12.2%.
Oil prices fell sharply Monday due to concerns about possible corona measures and lockdowns by countries. A barrel of West Texas Intermediate was down 3%, and stood at a settlement of USD 68.61.
The 6M Euribor is unchanged at -0.55% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.13% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
Managed by Sluijmer Multimedia and hosted by True.