Key View

• The Netherlands’ construction sector will gain momentum in 2022 incentivised by stronger state support from the newly formed government.
• The maintenance and upgrading of transport infrastructure will be a central area of investment under the new government and will support medium-term growth.
• The existing housing shortage will

Key View

• We expect the Netherlands' medical devices market to grow slower than previously forecast, due to a distorted market in 2021 caused by a spike in consumables distorting growth figures.
• Orthopaedics & prosthetics will be the growth driver within the Netherlands' medical devices market, while the fall of the unusually high market size

Key View

• At Fitch Solutions, we think it likely that the Dutch economy will be able to recoup the losses suffered under the lockdown imposed on December 19 2021 and lasting until at least January 14 2022.
• Accordingly, we have – for now – left our 2021 and 2022 real GDP forecast unchanged at 3.9% and 3.1%. However, risks to our outlook are

Key View

• The construction industry in the Netherlands will return to growth in 2021 after some negative effects associated with the pandemic dissipate, yet the recent surge of Covid-19 and continued inputs shortage are headwinds that can potentially impact short-term growth.
• We highlight the upgrading of ageing transport infrastructure as set

Key View

• After the Netherlands experienced stronger-than-expected growth of 3.1% q-o-q (9.7% y-o-y) in Q221, at Fitch Solutions we have revised our 2021
• Our revision is driven by the expectation of higher-than-anticipated fixed investment and net exports growth in 2021 alongside a sustained rebound in H221.
• Real GDP growth will remain above

Key View

• The construction sector in the Netherlands will experience 3.8% y-o-y growth in 2021 as some negative effects associated with the Covid-19 pandemic dissipate, yet short-term headwinds threaten growth.
• In our view, growth will be incentivised by strong state support and EU recovery funds in 2021, and the scale of government investment

Key View

• At Fitch Solutions, we maintain our view the Dutch economy will grow by 3.0% in 2021, following a record contraction of 3.7% in 2020.
• After experiencing a technical recession in Q121, the economy will gather momentum quickly in Q221 as the reopening of the economy from May 19 onward supports a consumption-led recovery.
• In 2022 and

Key View

• Netherlands medical device market expected to grow in mid single-digits over the 2020-2025 period, largely due to the ongoing the Covid-19 pandemic and related economic contractions.
• The Dutch re-export market, with the aid of a weak US dollar, stunted the worst effects of Covid-19 on the medical device market.
• Political scandal and

Key View

• The Netherlands has completed its initial 5G spectrum auction, raising EUR1.23bn.
• Bids were relatively high, reflecting the three incumbents' robust IoT pedigrees.
• The risk is that they may have overpaid in an effort to secure access to a small industrial IoT market.

T-Mobile appears to have come off worst in the auction, securing

Key View

• We expect Netherlands oil demand to decline by 5.2% y-o-y in 2020 due to the outbreak of Covid-19 and the containment measures put in place to contain its spread.
• There are a few pockets of strength, namely LPG and naphtha. These fuels draw a large share of their demand from the petrochemicals sector, which has benefited from the