Kingdom of the Netherlands—Netherlands Staff Report for the 2002 Article IV Consultation

This 2002 Article IV Consultation highlights that the real GDP of the Netherlands is projected to rise by 1 percent in 2002, implying a return of growth to about 3 percent at an annual rate in the second half, and to rise by 3 percent in 2003. The pickup reflects an improvement in the worldwide economic climate, as well as last year's easing of monetary conditions in the euro area. Inflation is accordingly expected to slow gradually from some 5 percent in 2001, to 3.8 percent in 2002 and 2.4 percent in 2003.