The economy will contract sharply in 2020. The Coronavirus (COVID-19) pandemic derailed the Dutch economy in the first two quarters of 2020. Since the relaxation of the containment measures in late spring, a partial rebound has been under way, which continued to take hold in the third quarter. Real GDP will improve to record growth of 3.4% in 2021 and will gradually decline to reach about 1.3% per year in 2024-2027.
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