This 2014 edition of OECD's Economic Survey of the Netherlands examines recent economic developments, policies and prospects. It also includes special chapters covering boosting the development of efficient SMEs and making the banking sector more resilient. The Netherlands is gradually emerging from a protracted recession. The authorities have implemented, or are going to put in place, significant structural reforms in the labourmarket, health care and the pension system to ease the reallocation of resources and help the economy to recover. Significant fiscal consolidation has also been achieved and the budget deficit lowered to below 3% of GDP. However, the banking sector is large and remains vulnerable to high household indebtedness. Small and medium-sized enterprises (SMEs) face major credit constraints.