Netherlands Economic Growth Bring Rare Good News to Europe
(Bloomberg) -- The Dutch economy maintained a solid pace of growth at the end of 2019, offering some good news for Europe after a string of disappointing numbers.
The 0.4% expansion -- which is sustained all through 2019 -- beat the 0.3% median estimate of economists. Growth was driven by investments, consumption and the trade balance.
The figures come amid a new round of questions over Europe’s recovery. While an industrial slump has eased, manufacturing remains in a recession, and the coronavirus is adding to the threats.
The bad news may resume Friday with the publication of German GDP for the fourth quarter. While the numbers are backward looking, a contraction would add to concern about the underlying health of the euro area’s largest economy, and even the entire region.
There’s even a risk the economic pain will continue because of the virus outbreak. Deutsche Bank has even warned of a technical recession in Germany, extending the economy’s long run of underperformance.
©2020 Bloomberg L.P.