The fact that the government has now laid down its support measures for a longer period of time will help reduce uncertainty for firms and households.   The Netherlands of course also depends on what happens in other countries. Our economy and financial sector are closely interconnected with those of other European countries.
The total consists of four parts. The standard intertemporal substitution effect (IES), the cash-flow effect, the income effect and the housing wealth effect. The size of these effects varies depending on households’ wealth. Euro area in this chart refers to France, Germany, Italy and Spain.