Rabobank sees Dutch economy shrink 4%

Rabobank economists forecast on Tuesday that the Dutch economy will shrink by 4% this year, half a percentage point more than government economists at the CPB.

The economy will begin to recover in the second half of next year, Rabobank said.
The bank also forecasts unemployment will rise to 6% by the end of this year and 9% by the end of 2010.

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