Netherlands Suffers Unexpected Recession on Consumers, Trade
A truck transports a shipping container at the Port of Rotterdam in Rotterdam, Netherlands.
Photographer: Peter Boer/BloombergThis article is for subscribers only.
The Dutch economy unexpectedly succumbed to its first recession since the pandemic on weakness in both consumer spending and exports.
Gross domestic product fell 0.3% from the previous three months between April and June, the statistics office said Wednesday. The result follows the first quarter’s 0.4% revised slide and falls well short of the 0.2% growth seen in a Bloomberg survey.