Netherlands Business Projection Industry Update Quarter 2 2012

Executive Summary 5
Core Views 5
Major Forecast Changes 5
Key Risks To Outlook 5
Chapter 1: Political Outlook 7
SWOT Analysis 7
BMI Political Risk Ratings 7
Domestic Politics 8
Fiscal Consolidation Plan Going Awry 8
The Dutch government - a notable fiscal hawk within the eurozone - is expected to miss its fiscal deficit target this year, with additional
austerity pushed back to 2014 Given the Dutch government's presidency of the Eurogroup, a slowing pace of fiscal consolidation at
home would make it increasingly difficult to demand further austerity from other member states
TABLE: POLITICAL OVERVIEW 8
Chapter 2: Economic Outlook 11
SWOT Analysis 11
BMI Economic Risk Ratings 11
Economic Activity 12
Property Market Will Drag Down Consumption In 2013 12
The Dutch economy is sliding further into recession and is likely to post a full-year of economic contraction in 2013 as a result of rising
unemployment and falling property prices eating into consumer spending We now forecast real GDP to contract by 0 6% this year,
having previously projected positive growth of 0 2%
TABLE: ECONOMIC ACTIVITY 12
TABLE: LONG-TERM MACROECONOMIC FORECASTS 13
Chapter 3: Business Environment 15
SWOT Analysis 15
BMI Business Environment Risk Ratings 15
Chapter 4: Key Sectors 17
Freight Transport 17
TABLE: ROAD FREIGHT, 2010-2017 18
TABLE: INLAND WATERWAY FREIGHT, 2010-2017 19
TABLE: RAIL FREIGHT, 2010-2017 20
TABLE: AIR FREIGHT, 2010-2017 20
Pharmaceuticals 21
TABLE: GENERICS DRUG MARKET INDICATORS, HISTORICAL DATA AND FORECASTS 23
TABLE: PRESCRIPTION DRUG MARKET INDICATORS, HISTORICAL DATA AND FORECASTS 24
TABLE: PATENTED DRUG MARKET INDICATORS, HISTORICAL DATA AND FORECASTS 24
TABLE: OVER-THE-COUNTER (OTC) MEDICINE MARKET INDICATORS, HISTORICAL DATA AND FORECASTS 24
Other Key Sectors 25
TABLE: FOOD & DRINK SECTOR KEY INDICATORS 25
TABLE: TELECOMS SECTOR KEY INDICATORS 25
Chapter 5: BMI Global Assumptions 27
Global Outlook 27
Past The Major Obstacles To Recovery 27
TABLE: GLOBAL ASSUMPTIONS 27
TABLE: DEVELOPED STATES, REAL GDP GROWTH FORECASTS 28
TABLE: BMI VERSUS BLOOMBERG CONSENSUS REAL GDP GROWTH FORECASTS (%) 28
TABLE: EMERGING MARKETS, REAL GDP GROWTH FORECASTS 29

Drug and Medication in Netherlands