OECD warns the Netherlands on austerity plan

The Dutch economy will improve slightly over the next two years, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday in its half-yearly report.

The organisation expects the Dutch economy to shrink by 0.6% in 2012 and grow by 0.7% in 2013, but it warns that the government will have to be careful with its austerity plan if growth is less than expected.
In its comments on the eurozone, the OECD is more sombre than in its last report, forecasting a 0.1% drop in growth in 2012 compared with the slight growth it expected six months ago.

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