Interview Klaas Knot with Nikkei
Klaas Knot spoke with Takerou Minami from Nikkei about monetary policy and financial stability. The interview was published on April 30th 2024.
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The DNB business cycle indicator (red line) reaches a trough in March 2024 and then turns upward. It signals that in March 2024 the upward phase in the economic growth cycle (blue line) starts. The negative value of the indicator implies that GDP growth still remains below trend growth (annual basis). That reflects that the recovery will be moderate in the short run.
A point of attention with the DNB business cycle indicator is that it is constructed to predict business cycle turning points and not to make predictions for GDP growth.
© DNB
Data output DNB Business cycle indicator
Klaas Knot spoke with Takerou Minami from Nikkei about monetary policy and financial stability. The interview was published on April 30th 2024.
Read more Interview Klaas Knot with NikkeiAccording to the DNB business cycle indicator, the low point of the economic cycle has been reached, after which economic growth will pick up gradually and at a moderate pace this year.
Read more Turnaround in the economyIn the fourth quarter of 2023, foreign multinationals transferred over €300 billion in conduit activities from the Netherlands abroad. These relocations indicate adjustments in business structures, and may be due to the introduction this year of a minimum tax for these international companies.
Read more Conduit activities in the Netherlands declined in fourth quarter of 2023The Dutch economy is strong and resilient, but not everyone in the Netherlands experiences it that way. Many people are struggling financially or have concerns about their future. The Netherlands should therefore strive for a highly developed and finely tuned economy that works better for everyone.
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