The Netherlands: Dutch economy expected to grow again next year, Covid-19 effects to linger

The Dutch economy will  shrink by 5.1 percent this year, but recovery will start at the end of the year and in 2021 the economy will grow b3.2 percent, according to central planning office CPB's draft-macroeconomic foresight studies. The effects of the Covid-19 crisis will linger, however, with unemployment rising to 7 percent next year.

The CPB expects all parts of the economy to recover somewhat nextyear. Household consumption will decrease by 5.9 percent this year, and increase by 4.1 percent next year. Investments will go from -7.5 percent his year, to plus 4.4 percent next year. Exports will decrease by 5.2 percent this year, but increase by 4.7 percent next year, and imports will go from -3.7 percent this year to plus 5.4 percent in 2021. Government consumption is the only factor that won't see a decrease this year. It is expected to increase by 2.9 percent this year and by 2.0
percent next year.

CPB director Pieter Hasekamp told NOS that the coronavirus blow to the Dutch economy is "unprecedentedly hard" and "largely yet to befelt". "The corona crisis also has major consequences or things that affect the quality of life: we miss celebrating a wedding oranniversary, the theater and concert stages are empty, and there are serious concerns about loneliness in nursing homes."

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Dutch economy expected to grow again next year, Covid-19 effects to linger | NL Times

The Netherlands Economy: Vice crime pumps over €2.5 billion into Netherlands economy - by Janene Pieters

Criminal activities involving drugs, illegal prostitution, illegal gambling and similar crimes contribute about 2.7 billion euros to the Netherlands’ economy a year. That means that criminal activities account for about 0.4 percent of the Dutch economy, according to an estimate by Statistics Netherlands at the request of broadcaster RTL Z.

The estimated value of the criminal economy was 2.6 billion in 2010, which means that the growth does not seem to be very strong. Though Statistic Netherlands emphasizes that it should be noted that it is very difficult to make a reliable estimate.

According to Statistics Netherlands’ estimates, the added value of drugs and illegal prostitution increased somewhat, while money earned by illegal downloads providers decreased. Previous calculations showed that drug production and -trade accounts for 55 percent of the criminal economy, followed by prostitution with 21 percent. Illegal downloads and illegal gambling accounts for about 9 percent.

Read more: Vice crime pumps over €2.5 billion into Netherlands economy - NL Times

The Netherlands: Unilever to cut 240 jobs in the Netherlands

Unilever is cutting 240
jobs in the Netherlands by shifting abroad some operations,
particularly IT.

Some 200 staff members will lose their jobs, as will 40 agency workers.
The jobs, mainly in IT, finance and accounts, are being moved to Mexico,
Bangalore, Manila and Katowice, website Nu.nl reports.

The FNV trade union said Unilever was involved in the ‘massive sale’ of
jobs to low-cost countries. Most of those affected are people in their
30s with young families, union spokeswoman Marjolein Dubbelaar said in a
statement.

Read more at DutchNews.nl: Unilever to cut 240 jobs in the Netherlands http://www.dutchnews.nl/news/archives/2016/02/unilever-to-cut-200-jobs-in-the-netherlands/

Unilever is cutting 240
jobs in the Netherlands by shifting abroad some operations,
particularly IT.

Some 200 staff members will lose their jobs, as will 40 agency workers.
The jobs, mainly in IT, finance and accounts, are being moved to Mexico,
Bangalore, Manila and Katowice, website Nu.nl reports.

The FNV trade union said Unilever was involved in the ‘massive sale’ of
jobs to low-cost countries. Most of those affected are people in their
30s with young families, union spokeswoman Marjolein Dubbelaar said in a
statement.

Read more at DutchNews.nl: Unilever to cut 240 jobs in the Netherlands http://www.dutchnews.nl/news/archives/2016/02/unilever-to-cut-200-jobs-in-the-netherlands/

Unilever is cutting 240 jobs in the Netherlands by shifting abroad some operations, particularly IT.

Some 200 staff members will lose their jobs, as will 40 agency workers. The jobs, mainly in IT, finance and accounts, are being moved to Mexico, Bangalore, Manila and Katowice, website Nu.nl reports. The FNV trade union said Unilever was involved in the ‘massive sale’ of jobs to low-cost countries.

Most of those affected are people in their 30s with young families, union spokesperson Marjolein Dubbelaar said in a statement.

According to the Telegraaf newspaper, Unilever has pledged to try to find other jobs for the staff members affected. The aim of the move is to further centralise the company’s activities, a spokesman told the paper. This policy resulted in 450 jobs being moved to the Netherlands in 2013, the company pointed out. Unilever has a worldwide workforce of some 175,000 people, of whom 3,200 are in the Netherlands.

Unilever to cut 240 jobs in the Netherlands http://www.dutchnews.nl/news/archives/2016/02/unilever-to-cut-200-jobs-in-the-netherlands/

Read more: Unilever to cut 240 jobs in the Netherlands - DutchNews.nl