Dutch economy set to grow while prices remain stagnant
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%.