The Netherlands economy has fallen into a recession after suffering two subsequent quarters of negative growth.
Data from the Central Bureau of Statistics (CBS) indicated that the economy shrank by 0.3% in the second quarter of the year after falling 0.4% in the first quarter.
The technical recession follows the Netherlands’ strong recovery after the coronavirus pandemic which saw it outperform several of its European neighbors.
But the recession has been caused by a decline in consumer spending on things like furniture and clothing, although spending on culture and leisure was up.
