In Q4 2015, quarter-on-quarter GDP growth accelerated slightly, pushing full-year growth to 2.0%—the fastest expansion since 2008. All components of GDP contributed positively to the increase, suggesting that the recovery was broad-based. Performance in private consumption and fixed investment was particularly strong with the latter benefiting from the housing market recovery. However, lower natural gas production restrained growth. Recent indicators sent mixed signals in the first quarter of the year, in March businesses grew more confident, but consumer sentiment fell.
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