Go to Investment Europe homepage
  • Register for Investment Europe
  • Join Investment Europe’s LinkedIn group
  • Follow Investment Europe on Twitter
  • Investment Europe on your mobile
  • Investment Europe RSS feeds

Dutch economy to contract further next year - central bank

  • By: Jonathan Boyd
  • 10 Dec 2012
  • Be the first to comment

The Netherlands' central bank, De Nederlandsche Bank, is forecasting a -0.6% contraction in the local economy next year, with unemployment up and the government failing to meet eurozone deficit targets.

Unemployment will hit 6.2%, while the budget deficits will run through 2013 and 2014.

The country's economy will suffer because of a fall in consumer spending and investment, coupled with ongoing problems in key export markets elsewhere in the eurozone.

The Dutch government said the central bank's forecast was less optimistic than the 0.75% growth rate predicted by economists at consultant CPB, which are used by the cabinet.

Click here to view the central bank's latest forecast (in Dutch): http://www.dnb.nl/binaries/408060_DX0_EOV-12-12_WEB_tcm46-282358.pdf

Visitors Comment

blog comments powered by Disqus



European map
Benelux France Iberia Italy Germany Switzerland Austria Emerging Europe Scandinavia UK Ireland

Print Edition



AB's Phelps to speak on concentrated portfolios in Hamburg

Mark Phelps, head of Concentrated Global Growth at AB, will join InvestmentEurope's Pan-European Fund Selector Summit in Hamburg.


M&G's Richard Halle and Daniel White to speak in Hamburg

Richard Halle and Daniel White are set to take part in the InvestmentEurope Autumn Pan-European Fund Selector Summit, which takes place in Hamburg 15-17 October.