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.

Netherlands Economic Growth Bring Rare Good News to Europe

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.

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