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Netherlands dips into recession

The Dutch economy has fallen into a recession after suffering two subsequent quarters of negative growth, according to official data published on Wednesday. The technical recession follows the Netherlands’ strong recovery after the coronavirus pandemic which saw it outperform several of its European neighbors. The Netherlands has followed its neighbor Germany  Europe’s biggest economy  into a technical recession while France and Belgium experienced mild growth of 0.5% and 0.2% respectively. The economy shrank by 0.3% in the second quarter of the year after falling 0.4% in the first quarter, are we going into recession soon with the impact of Covid-19n and Russia-Ukraine war?

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