Dutch economy set to grow while prices remain stagnant

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Driven by the low exchange rate of the dollar and the low oil price, the Dutch economy is set to grow by 1.5% in 2015 according to the latest data provided by the Dutch Bureau for Economic policy Analysis CPB).

The CPB forecasts that due to the euro declining by 7% against the dollar and the oil price dropping by 30%, consumption is set to increase by 1.25%, generating  a boost to Dutch GDP growth.

Inflation will remain low, in part as a result of decreasing oil prices. For both this year and the next, inflation is projected to be 1%.

The unemployment rate is set to decrease slightly from 6.75% to 6.5%.

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