The Dutch economy unexpectedly succumbed to its first recession since the pandemic on weakness in both consumer spending and exports.

Gross domestic product fell 0.3% from the previous three months between April and June, the statistics office said Wednesday. The result follows the first quarter’s 0.4% revised slide and falls well short of the 0.2% growth seen in a Bloomberg survey.

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Netherlands Suffers Unexpected Recession on Consumers, Trade