The committee is also reducing the economic growth forecast for 2022 for our country from 3.3 percent in May to 3 percent, although that is slightly better than the average in the eurozone (2.6 percent).
Next year, the consequences of the war in Ukraine will cut further for the Netherlands. According to the daily EU board, inflation will drop to an annual average of 3.3 percent, but economic growth will remain limited to 1 percent. Recognizing that the uncertainties posed by Russia’s invasion of Ukraine make forecasting difficult, the commission also warns in its annual summer forecasts of a possible revival of the corona pandemic, with adverse economic consequences.
