ING sees end of recession looming

The end of the recession for Dutch industry is on its way and there are a growing number of economic bright spots, according to a new report by ING economists.

The report, by the financial service group’s Economic Bureau, says producers have left the ‘deepest post-war dip’ behind them. Production is getting back up to speed again and world trade is improving.
After a shrink of 10% this year, industrial production will grow by 1.5% next year, the economists say in the report My Industry outlook 2010.
Nevertheless, it will still take years for different industries to be back at their 2007 and 2008 levels, ING’s Bert Woltheus was quoted as saying in the Financieele Dagblad.
To read the full report, click here

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