Dutch economy grinds to a halt
The Dutch economy will barely grow in the second half of this year, the central bank said on Tuesday.
The economy grew by just 0.2% in the third quarter and will contract by 0.1% in the fourth, the central bank says in its latest economic forecasts. However, the calculations have a 0.3% margin of error because of the uncertainty of the current climate.
The lack of growth is due to problems on the financial markets, falling consumer confidence and mounting unemployment. World trade is also on the decline, the central bank said.
Full story in English on the central bank website
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation