Dutch central bank revises down economic forecast

Photo: Arena73
Photo: Arena73

The Dutch central bank has revised down its economic growth forecast for 2016 from 1.7% to 1.5%.

However, growth will reach 1.9% in 2017 and 2% the year after, the central bank said in its latest forecasts. Unemployment will fall from 6.9% now to 5.7% in 2018 while inflation will rise from 1% this year to 1.8% in two years time, the central bank said.

The government’s macro-economic think-tank CPB revised down its economic growth forecasts for 2016 from 2% to 1.8% in March, but said on Friday it would not make a further cut.

The CPB also predicts the economy will grow by 2.1% next year.

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