OECD sees Dutch economy contracting next year

The Dutch economy remains weak and will contract by 0.1% next year, according to new forecasts from the OECD.

Recovery will set in with growth of 0.9% in 2015, the Paris-based organisation says. That year unemployment will reach a peak of 8%.

The risks facing the Dutch economy remain large and can further pressure house prices and consumer spending, Nos television quoted the OECD as saying.

The OECD’s forecast is more gloomy than that from the government’s macro-planning agency CPB which forecasts growth of 0.5% next year.

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