The Euro exchange rate movement on the world market shows that the EUR/USD index is currently at 1.0862, down 0.0012 points, equivalent to 0.1104% compared to the previous session.
The euro is down again today. The Netherlands, the euro area's fifth-largest economy, unexpectedly fell into its first recession since the pandemic due to weakness in both consumer spending and exports.
The gross domestic product (GDP) of the founding member state of the European Union (EU) shrank 0.3% in the second quarter from the previous quarter, the Netherlands Central Bureau of Statistics (CBS) said today. 16/8. In the first quarter, the Dutch GDP shrank by 0.4%. Two consecutive quarters of GDP decline are defined as a “technical recession”.
The Netherlands is currently facing economic pain in addition to the political upheaval following Prime Minister Mark Rutte's decision to leave politics, who has led the government in Amsterdam since October 2010 and is Prime Minister. longest in the history of the Netherlands.
Behind the Dutch recession in the first half of 2023 are labor shortages, dwindling demand from European trading partners and a sharp rise in interest rates as the European Central Bank (ECB) seeks to curb tame inflation.
The euro is down again today. The Netherlands, the euro area's fifth-largest economy, unexpectedly fell into its first recession since the pandemic due to weakness in both consumer spending and exports.
The gross domestic product (GDP) of the founding member state of the European Union (EU) shrank 0.3% in the second quarter from the previous quarter, the Netherlands Central Bureau of Statistics (CBS) said today. 16/8. In the first quarter, the Dutch GDP shrank by 0.4%. Two consecutive quarters of GDP decline are defined as a “technical recession”.
The Netherlands is currently facing economic pain in addition to the political upheaval following Prime Minister Mark Rutte's decision to leave politics, who has led the government in Amsterdam since October 2010 and is Prime Minister. longest in the history of the Netherlands.
Behind the Dutch recession in the first half of 2023 are labor shortages, dwindling demand from European trading partners and a sharp rise in interest rates as the European Central Bank (ECB) seeks to curb tame inflation.
