This memorandum sets out DNB’s most recent forecasts for the Dutch economy in 2021 and 2022. This so-called interim projection is an updated version of the December forecast and, as such, it is not comprehensive. The reason for this update is the fact that the pandemic has not developed as predicted in DNB’s previous projection, which was based on the assumption that the partial lockdown would be relaxed from the beginning of 2021. Partly based on this expectation, the December projection estimated GDP growth of 2.9% in both 2021 and 2022. However, in mid-December the containment measures were further tightened, effectively leading to a full lockdown, which is still in place.
Interim Projection: Economic Developments 2021 - 2022
26 May 2026
Press release
Cyber and operational risks are currently among the biggest threats to financial stability, caused by a combination of the rapid development of artificial intelligence (AI) – which is increasing the scale, speed and complexity of cyber attacks – and geopolitical tensions.
Read more Heightened risk of cyber attacks and market corrections due to geopolitical unrest
19 May 2026
Background
Our economy depends heavily on global supply chains. Disruptions in these chains – for example due to geopolitical tensions – leave us vulnerable: prices of goods from abroad may rise, and inflation increase. Read the key findings from our Analysis below.
Read more How supply chain disruptions are driving up inflation and how we can deal with this
19 May 2026
News
Disruptions in global supply chains are driving up inflation in the Netherlands and Europe. Central banks’ efforts to counteract inflation once it has affected the economy entail economic costs and fail to reverse the underlying supply chain disruption.
Read more Disruptions to international supply chains are increasing the risk of inflation and call for European action
13 May 2026
News
Small and medium-sized enterprises (SMEs) account for almost half of all bank loans to businesses in the Netherlands, according to new figures being released by DNB for the first time today. However, SMEs often pay a slightly higher interest rate than other businesses.
Read more Almost half of corporate lending goes to SMEs, interest rates slightly higher