Home » The Kingdom of the Netherlands--Netherlands: Financial System Stability Assessment, Including Reports on the Observance of Standards and Codes on the Following Topics: Banking Supervision, Securities Regulation, Insurance Regulation, and Payment System... by International Monetary Fund
The Kingdom of the Netherlands--Netherlands: Financial System Stability Assessment, Including Reports on the Observance of Standards and Codes on the Following Topics: Banking Supervision, Securities Regulation, Insurance Regulation, and Payment System... International Monetary Fund

The Kingdom of the Netherlands--Netherlands: Financial System Stability Assessment, Including Reports on the Observance of Standards and Codes on the Following Topics: Banking Supervision, Securities Regulation, Insurance Regulation, and Payment System...

International Monetary Fund

Published September 29th 2004
ISBN : 9786613747471
ebook
75 pages
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 About the Book 

1. The Netherlands has been dealt a severe blow by the global crisis. Owing to its large financial sector as well as sizable foreign trade and financial exposures, real GDP will suffer an unprecedented fall in 2009 and only a modest recovery isMore1. The Netherlands has been dealt a severe blow by the global crisis. Owing to its large financial sector as well as sizable foreign trade and financial exposures, real GDP will suffer an unprecedented fall in 2009 and only a modest recovery is expected in 2010. Risk factors appear to be balanced. The crisis has also led to a sizable permanent loss of potential output. Despite this, activity is now well below potential, leading to a rapid decline of inflation. External competitiveness remains adequate.