Slowdown in economic growth forecast

The unrest on the world’s financial markets is making it more difficult than usual to forecast Dutch economic developments, the central bank says in its latest quarterly report.

The bank predicts economic growth will decline from 3.2% this year to 2.6% in 2008 and 2.1% 2009. The final figure for 2009 could be as low as 1.3% if the US housing market gets worse, the bank says.

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