Resilient economic recovery, but uncertainty around corona remains

In 2021, the economy will grow by almost 4%, followed by over 3% growth in 2022, assuming no new, large-scale social distancing measures will be needed. Following the termination of financial support measures, unemployment will rise only slightly to 3.6% in 2022, which means a continuation of the tight labour market. This is evident from the August Projections just published by CPB Netherlands Bureau for Economic Policy Analysis. These projections are the starting point for the Dutch Cabinet in its decision-making process on the 2022 government budget. On "Prinsjesdag" (the Day of the Kingâs Speech, 21 September), CPB will publish its Macro Economic Outlook 2022 (MEV). This outlook takes into account all decisions made on the 2022 budget.