Netherlands dips into recession after strong COVID rebound
By DW
16 August 2023 |
3:25 pm
The Netherlands has hit the technical definition of a recession, suffering two quarters of contraction in a row. At the same time, the Dutch job market remains strong.
In this article
Related
Related
18 Jun
New data shows Chinese economic growth slowing, with property investment in steep decline and youth unemployment at a record high. Also, the US Federal Reserve confirms its "hawkish pause" policy, keeping interest rates steady for now but planning for more hikes. Finally, economists name an unlikely culprit for persistent Swedish inflation: Beyoncé.
27 Jun
In 1953, a gigantic storm swept across the North Sea and caused a tidal wave in the Netherlands, Belgium and the UK. Many dykes controlling water levels were simply swept away as the water spread far inland. While more than 300 people died in the UK, more than 1,800 lost their lives in the Netherlands. At the time, around a fifth of the Netherlands was below sea level. More than 2,000 square kilometres of land were flooded there, including almost the entire province of Zeeland.
30 Jun
According to the UN health agency, COVID-19 is still responsible for over 1,000 deaths a week in the European region. However, this can be an underestimation as many countries no longer maintain proper data.
5 Jul
A violent summer storm swept across the Netherlands, severely affecting air and train traffic. At least one person died in the town of Haarlem.
9 Jul
The Dutch government has decided to return some 478 highly valuable and culturally significant artworks, which had been looted during the Dutch colonial era.
7 Jul
In a post-Covid era where music lovers have less disposable income and organisers face higher costs, we discuss what music festivals can do to survive. We're joined by John Rostron, CEO of the Association of Independent Festivals in the UK.
5 Aug
The fire on a freighter loaded with thousands of cars appears to have burnt itself out. Although the vessel seems stable, there are still concerns over potential risks.
6 Aug
After several days of continued burning in the North Sea, the Fremantle Highway has been towed to port. Salvage work is slated to begin shortly.
9 Aug
Consumer prices within China dropped by 0.3% year-on-year in July while Beijing also reported its steepest plunge in exports since the pandemic.
16 Aug
Officials in the Netherlands found €600 million ($661 million) worth of cocaine from Ecuador in containers alongside bananas. Rotterdam is one of the main ports for drug traffickers bringing the drug to Europe.
16 Aug
The Netherlands has hit the technical definition of a recession, suffering two quarters of contraction in a row. At the same time, the Dutch job market remains strong.
Latest
1 hour ago
A government with seemingly unlimited power, a weak and divided opposition and a rebellious former PM accused of corruption are destabilizing Albanian politics and have led to incendiary scenes in parliament.
1 hour ago
Thailand has welcomed the return of a majority of its citizens who'd been held captive in Gaza, while also observing a minute of silence for the 39 others killed during the October 7 Hamas attacks. Thais made up the largest non-Israeli group among the hostages. In order to recover some of these migrant workers, the government turned to Iran for support. We tell you more.
1 hour ago
People in scores of rainforest nations could be paid to preserve forest areas under a concept announced by the Brazilian president. It is unclear if the plan will get off the ground.
2 hours ago
The South Asian country is set to hold general elections in February 2024, but the imprisonment of former Prime Minister Imran Khan and a crackdown on his party have raised questions over the vote's credibility.
2 hours ago
As the world looks to address climate change at the COP28 summit in Dubai, we take a look at the effects of extreme weather across the Americas – from Canada to Brazil – and at whether or not the region's leaders are prepared to tackle the issue.
2 hours ago
Meredith Whittaker, president of the Signal Foundation, says a leaked French government memo risked undermining public trust in cybersecurity protocols, after it was revealed that Prime Minister Élisabeth Borne had ordered cabinet members and their staff to delete popular messaging apps like Signal and WhatsApp.
×

Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.