The Dutch economy has entered a recession as it shrank 0.3% on a quarterly basis in the second quarter, a first estimate published by Statistics Netherlands on Wednesday showed.
The euro zone’s fifth largest economy shrank for the second consecutive quarter, after a 0.4% contraction in the first three months of the year.
Economic growth in the Netherlands had been almost 5% per year in 2021 and 2022 in a quick recovery from a COVID-19 slump.
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