Last Wednesday, the V-shaped crisis versus the U-shaped crisis, the GDP of the Big6 versus the Netherlands, Bloomberg’s vision, etc. were the topics of the digital discussion. Sandra Phlippen, chief economist ABN AMRO, gave a very interesting lecture for about 25 participants of the HPP Community about the economic consequences of COVID-19 for the world, Europe and the Netherlands. Besides the data related to the roller-coaster of the past few weeks, she presented some possible scenarios for the future as well. The consequences for the real estate industry were discussed extensively, including in the questions and discussions with and between the participants in this Zoom session.

My conclusion from the discussion was that the problems are serious, especially for industries such as the entertainment industry and the similar, but it can be managed if there is no major second outbreak. The recovery will be U-shaped and will take time; however, the Netherlands is in relatively good shape. Especially if we can keep investing while steering out of the crisis…
 Despite the heavy subject, it was a pleasure to moderate this session and to again meet you all (digitally).

Wienke Bodewes

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More information

ABN AMRO Economisch Bureau online
https://insights.abnamro.nl – Dutch publications
https://insights.abnamro.nl/en – English publications