The Dutch economy is wide open to a number of risks which could adversely affect the current booming economy,  according to a report by the government’s macro economic think tank CPB.

Firstly, there is political risk over the uncertainties developing in Europe, Britain and the US. European Central Bank policies and continuing low interest rates also enter the equation, the CPB said in its annual financial markets risk report published on Tuesday.

But the Financieele Dagblad said the report was sombre by its nature because it only itemised what could go wrong with the Dutch economy in the coming months.

The CPB said financial markets had weathered the uncertainties in Europe, Britain and the US for the past 18 months. Nevertheless the think tank pointed out there was negative sentiment about the eurozone and the pending elections in Italy.

‘Questions about the durability of the eurozone, combined with Brexit, could lead to further fragmentation of Europe,’ it said. The CPB added the tougher language of the Brexit negotiations increased the risk of a harder separation and increased costs.