De Nederlandsche Bank is committed to a robust and well-functioning economy, that is accessible to all and in which everyone is able to participate. This is in the interest of all Dutch people. Because it is about our work, homes, savings and pensions.
The inflation, the pension system, the labour market and the housing market; there are challenges in all these areas. And we want to contribute to long-term solutions. As an independent advisory body, we clearly indicate the possibilities and the consequences of certain choices. And others can make decisions based on this advice.
Background
Inflation and economic growth are linked to energy price movements. That is why we added two scenarios to our Spring Projections: an adverse and a severe scenario. Rather than predicting what will happen, they show what might happen if oil and gas prices stay high for longer and/or rise further.
Background
Higher energy prices, uncertainty, and cautious consumers and businesses are holding back growth. Our Spring Projections show that the impact on inflation remains moderate for the time being. Below, we highlight the key developments in five figures.
Press release
Growth in the Dutch economy is expected to be significantly lower this year than in 2025. This is largely due to the war in the Middle East, which has also caused inflation to rise in recent months. This is evident from the Spring Projections, published today by De Nederlandsche Bank (DNB).