NETHERLANDS

摘要

Household consumption and gross fixed investment rebounded in Q4, pulling the GDP rate up to 0.5% (q-o-q) from 0.2% in Q3. This momentum may prove difficult to sustain in 2019, however, as Brexit uncertainty and global trade frictions weigh on the vital exports sector. Consumption should benefit from easy borrowing conditions and positive jobs growth, yet the recent jump in inflation (CPI) may mute gains in disposable income.