Alfredo Cuevas

Connectedness of the Dutch economy leads to a lower GDP growth forecast now

The GDP growth forecasts for the Netherlands issued by the IMF in its April 2020 World Economic Outlook (WEO) surprised many, not only for the large negative 2020 number itself, but for it being weaker than some other leading European economies. Let me make some general considerations about forecasting amid today’s immense uncertainties, and then look at the Dutch economy.