The interim government of Prime Minister Mark Rutte of Netherlands has recently revealed his budget for 2018, and the country has reported the largest increase from the last decade.
With a new government formed more than 185 days after the general elections in the Netherlands – the second longest after World War II – many described the strong performance as a clue that the system put into operation after the 2008 crisis, meant to help the country to stay away from the turmoil of international events and political uncertainty.
“It matters that much that we have an interim government? Honestly, it shouldn’t, said chief economist at ING Groep NV, Marieke Blom.
“For now, the economy is recovering well. Although there are things that can be improved, I do not think they are so urgent”, added Blom.
The concerns related to the trading industry after Donald Trump’s election in the US, Britain’s Brexit vote and the uncertainty about the vote in France were not reflected in the Dutch economy, which rose by 1.5% in the second quarter compared to the report created three months ago, surpassing a
ING, ABN Amro Group NV and Rabobank UA have increased their expectations for this year, expecting a rise of more than 3%.
That being said, the relaunch of the Dutch economy is as real as it gets, and the king attributes the incredible growth to the “the adaptability, the constant work and the resilience of the Dutch people.”
Increasing the retirement age and reducing the health care benefits have helped the Netherlands to surpass the other EU countries in terms of economy.