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
amsterdam2

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

Market

Regions

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

Print Edition

Events

david-sugarman-polar-capital

Polar's Sugarman to speak on convertible bonds at Zurich Forum

David Sugarman, fund manager for Polar Capital, will discuss convertible bonds at the InvestmentEurope Pension Fund Forum held in Zurich on 15 May.

ana-harris-state-street

SSgA's Harris to discuss smart beta at Zurich Pension Forum

Anna Paula Harris, portfolio strategist for the global equity beta solutions group at State Street Global Advisors (SSgA), will address smart beta strategies at the InvestmentEurope Pension Forum to be held in Zurich on 15 May.