While we all are hoping that the worst of the pandemic has passed, at the same time experts believe that the repercussions are yet to come.
Amsterdam is one of the most beautiful cities in Europe, however since the coronavirus outbreak, and lockdown situation across the world, the global recession has been crushing the tulip city’s economy. Although the lockdown has started to ease in the city, the Dutch economy shrinked by 1.7% in the first quarter of 2020, when the coronavirus outbreak began to bite.
Unemployment fell by 39,000 to 2,77,000 in Q1. This means that 3 percent of the labour force were unemployed.