28 mrt 2024 om 11:55 Update: 30 min. geleden
The Netherlands reached the tipping point towards a period of economic growth in March. In the wave movement of the economy, the low point of the cycle is behind us, says De Nederlandsche Bank. So a financially sunny period is coming.
In economics lessons at school you learn that an economic cycle has a wave movement. Periods of strong growth, limited growth and shrinkage alternate. These fluctuations are also called a downward or upward economic cycle.
When the economy is on the rise (rising wave movement), the economy is improving faster and faster. That period is now upon us.
According to De Nederlandsche Bank (DNB), growth started again in March, after an earlier low point in the economic cycle. This year, economic growth will gradually pick up, the central bank writes. And that often leads, with some delay, to additional demand for personnel and a faster increase in house prices.
More confidence and more orders
DNB can see that the economy is moving upwards from a number of indicators, such as the confidence of consumers and companies in the economy and the number of orders from companies. According to DNB, the so-called business cycle indicator has been successful in announcing a recovery of the economy for twenty years.
After three quarters of economic contraction, the Dutch economy grew again on a quarterly basis in the last three months. On an annual basis, the economy continued to contract in the fourth quarter.
