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Dutch economic recovery continues with more positive figures

Xinhua, June 10, 2015 Adjust font size:

New figures from The Netherlands Bureau for Economic Policy Analysis (CPB) on Wednesday show a continuation of the recovery of the Dutch economy, following the positive forecast of earlier this week by the national bank DNB.

In the CPB's forecast for June 2015, the Dutch gross domestic product (GDP) is projected to grow by 2.0 percent this year and by 2.1 percent in 2016.

"This positive image is in line with developments elsewhere in Europe, with growth figures for The Netherlands at the upper end of the range," the CPB stated in a press release.

According to the CPB, the real economic growth percentage was -0.7 in 2013 and 0.9 in 2014. On Monday, DNB forecast a growth of 2.0 percent for 2015, 1.8 in 2016 and 2.2 in 2017 in its new mid-year forecast.

"All spending categories will contribute to this recovery," the CPB added. "Relevant world trade will grow by 4.0 percent in 2015 and 5.2 percent in 2016. This fast increase is in keeping with the image of continuing recovery and involves an acceleration of exports. In 2015, household consumption and business investments are also expected to grow."

According to the CPB, unemployment will decrease to 7.0 percent this year and 6.7 percent in 2016, the government budget deficit is expected to drop from 1.9 percent of GDP this year to 0.8 percent in 2016, and inflation will rise from 0.2 percent this year to 1.2 percent in 2016.

"We have now definitely left the crisis behind us," Finance Minister Jeroen Dijsselbloem declared. "The numbers get a little better each time. Still, we have to eliminate some misery of the crisis." Endit