Economic situation of the Netherlands
- The identity of the four giant DE BEERS
- The diamond pipeline
- The different diamond industries
- The gross diamond industry
- The jewelry industry
- The life cycle
- Competitive forces
- Developments and various strategic scenarios
- Possible developments in the diamond market
- The future of the rough diamond market
- The future of the jewelry market
- Diamond mining industry
- Possible strategies for De Beers
The Dutch GDP reached its lowest level in the second quarter of 2003 while the second quarter of 2006 showed the highest peak. The growth rate of GDP actually turned positive from the end of 2003. Since then, it has improved, except for the first quarter of 2005 when it became negative and then resumed positive growth. We realize that the second quarter of 2006 was a period of total consumption and there was an increase in the total investment.
The services activity especially showed much improvement. In the second half of 2003, exports showed a relatively high positive growth. In addition, the contribution of exports and imports to GDP growth increased in late 2003 and then experienced a sudden decline in early 2005 which recovered quickly.
The number of unemployed people peaked in Q1 2005; however, it has since fallen. The change in the unemployment rate has actually been negative since that period, except in July 2006.
Since early 2003, the business climate seems to be improving. It follows the same progression in the industry, retail trade and services. However, the business climate in services has showed a marked improvement from Q1 2006
Consumer confidence, while it reached its lowest level in early 2003, has improved and turned positive since March 2006. However, economists remain quite pessimistic about the forecasts of the financial situation, unemployment expectations to 12 months and consumer intentions regarding major purchases in the next 12 months.
In conclusion, we see a low in 2003, which is followed by an improvement that was confirmed in 2006. In general, we see a slight slowdown in GDP during the 3rd and 4th quarter of 2006 despite maintaining a high growth rate. The cause of this decline is due largely to the decline in net exports and to a lesser extent, the decline in domestic demand during the fourth quarter of 2006. Indeed, on one hand, the contribution of exports to GDP since mid 2006 has been less than imports.
Tags: Economic situation of the Netherlands, Evolution of the Dutch GDP.