Economy will cool in 2008, central bank

The Dutch economy will show ‘clear’ signs of cooling off in 2009 and will be accompanied by rising inflation, says the central bank on Wednesday in its latest half-yearly statement.

And while Dutch firms are well-placed to withstand the downturn, ‘some will tested’, the bank says.
The central bank says that companies which have been taken over by private equity firms are in a vulnerable position because their acquisition was paid for with large amounts of borrowed cash, reports news agency ANP.

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